410 Virginia Dr, San Jacinto, CA 92583
3 beds · 1 baths · 988 sqft
Step into a home where new memories are waiting to unfold. This charming 3-bedroom starter home in San Jacinto radiates warmth and character, offering the perfect canvas for those seeking a place to call their own. Picture yourself relaxing on the front patio, enjoying a morning coffee or chatting with neighbors, as the peaceful neighborhood starts its day. With a quaint front yard, it's an ideal space to slow down and appreciate life’s simple moments. As you step inside, the living room welcomes you with large windows that flood the space with natural light, creating a cozy, inviting atmosphere. Whether it's a quiet evening curled up with a good book or hosting friends for movie night, this space instantly feels like home. The adjoining dining area and kitchen provide a practical layout for daily living. Though modest, the kitchen is equipped with quartz countertops, tiled flooring, and stainless steel appliances, offering a mix of charm and functionality. Picture yourself preparing home-cooked meals, filling the house with the aromas of comfort. Each bedroom offers a quiet retreat, with good-sized windows that let in the morning sun and closets ready to hold your favorite belongings. The home’s simplicity is its strength, giving you a blank slate to infuse your personality and style into every corner. Venture outside, and you’ll find a spacious backyard filled with potential. Whether you’re dreaming of weekend BBQs, a blossoming garden, or a space for the kids and pets to roam free, the possibilities are endless. There’s even enough room to consider adding a pool or an ADU, allowing the home to grow with your family over time. Conveniently located near Soboba Casino Resort, schools, shopping, and dining, this home offers both comfort and accessibility. Though it’s an older home, its potential is boundless, making it a great fit for first-time buyers or anyone looking to create something special. Come see how this well-loved property could be the start of your next adventure.
Source: CRMLS #SW25002900
Financials
Source: Public records
Source: CRMLS #SW25002900
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.