31009 Summit Dr, Running Springs, CA 92382
2 beds · 1 baths · 800 sqft
Ever imagined waking up to the whisper of wind through evergreens, sunlight spattering your morning coffee, and a world where stress dissolves like morning mist? Welcome to 31009 Summit Dr.—a storybook mountain retreat where serenity and adventure share the same address. This isn’t just a home; it’s a sanctuary for the soul, offering 800 sq ft of cozy charm on a sprawling 7,200 sq ft lot, nestled in the heart of Running Springs’ tranquil beauty. Picture yourself here: Curl up by the fire in your sunlit living room, the crackle of flames harmonizing with the scent of pine drifting through open windows. Host laughter-filled dinners in your intimate dining nook, then step onto the sprawling back deck to watch sunset skies streak the San Bernardino Mountains in gold. Downstairs, a sprawling unfinished basement awaits your vision—transform it into a rustic wine cellar for snowy evenings, an artist’s loft bathed in natural light, or a gear-packed launchpad for ski weekends at Big Bear, just minutes away. Your escape is calling. Whether you’re a busy professional craving a weekend refuge (just two hours from LA’s buzz) or a nature lover seeking a forever home where hiking trails replace traffic jams, this property delivers. Stroll to local cafes, stock up on firewood at the general store, or spend afternoons exploring trails—every day feels like a retreat. But hurry: gems like this vanish faster than winter’s first snowflake.
Source: CRMLS #CV25066563
Financials
Source: Public records
Source: CRMLS #CV25066563
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.