36820 57th St E, Palmdale, CA 93552
3 beds · 2 baths · 1,189 sqft
Remarkably updated single-story home in Palmdale is equipped with solar panels and Alexa Smart Home. Nestled on a private cul-de-sac street, this beautifully maintained home features a perfectly designed open-concept floor plan, new interior paint, recessed lighting, and cathedral ceilings. The living room has a new fireplace mantel, a separate dining area, and a spacious breakfast counter with extra seating. The large windows and sliding doors flood the interior with natural sunlight. The updated kitchen has stainless steel appliances, a new refrigerator, granite countertops, beautiful backsplash, and ample storage space. The hallway guest bathroom is updated and has a full-size tub and granite countertop. Both bedrooms feature new interior paint and plenty of closet space. The master bedroom also has a cathedral ceiling, and its own bathroom with a dual sink, a walk-in shower, as well as an updated walk-in closet. The newly installed sliding doors in the master provide the new homeowners with gorgeous views of a sunset sky as well as access to the backyard, extending the home into the natural surroundings. The washer/dryer hookups are conveniently located in its room with overhead storage next to the 2-car garage. The home boasts a tranquil outdoor area where you can savor the beautiful desert sky. The outdoor space has drought-resistant artificial grass (turf), a new pergola, BBQ grill, a saltwater above-ground pool, children's playset, basketball hoop, and projector screen & device- ideal for relaxation and entertainment. The home’s most unique additions are the solar panels, tankless water heater, and new concrete on the driveway for a third parking space. This property is not just a home; it's sustainable and energy efficient with significant cost savings. Conveniently located near major highways (138, 14, and Pearlblossom), local parks, schools, and shopping. Act fast- this dream home won't last long!
Source: CRMLS #SB25056033
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: CRMLS #SB25056033
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “Save search” 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 620, 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.