262 Bahama Ct, San Jacinto, CA 92583
4 beds · 3 baths · 1,986 sqft
Welcome to 262 Bahama Court, San Jacinto, CA 92583, a beautiful 4-bedroom, 2.5-bathroom home offering approximately 1,986 sq ft of living space on a generous 9,583 sq ft lot. Built in 2006, this stunning property is situated on a peaceful cul-de-sac, providing privacy and minimal traffic. The expansive lot offers ample space for outdoor activities, potential RV parking, or even the addition of a pool. Inside, you'll find an open floor plan filled with natural light, creating a warm and inviting atmosphere. The master suite is spacious, providing a private retreat for relaxation. With a 3-car attached garage, this home offers plenty of storage and convenience. The Bahama Court community is known for its well-maintained properties and family-friendly environment. Residents enjoy close proximity to Clayton A. Record, Jr. Elementary School, Monte Vista Middle School, and San Jacinto High School, as well as easy access to local parks, shopping centers, and recreational areas. Don’t miss the opportunity to own this exceptional home in a prime location. All information is deemed reliable but not guaranteed. Interested buyers should verify details independently.
Source: CRMLS #IG25058944
Financials
Source: CRMLS #IG25058944
Source: Public records
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Other resourcesWhat is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
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