417 E H St, Ontario, CA 91764
4 beds · 3 baths · 1,942 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this charming Colonial Revival Bungalow home nestled on one of Ontario's most desirable tree lined streets- El Morado Court Historic District! MAIN HOUSE PLUS BACK HOUSE with entertainers backyard! This beautifully maintained 3-bedroom, 2-bathroom main house exudes warmth and timeless appeal, featuring original hardwood floors, a picturesque front porch, charming built ins, original doors and knobs and abundant natural light. The living room is centered around a cozy fireplace and is the perfect spot for gatherings or cuddling watching tv. Continue on into the dining room through the charming archway which is a great space to spend time with family. The spacious kitchen offers ample wood cabinetry and a vintage charm that blends seamlessly with modern conveniences. The master bedroom suite includes a large room size, walk in closet, an en-suite bathroom with walk in shower and its own private access to the backyard. The two secondary bedrooms are very generous in size and have nice closet space. A unique highlight of this property is the converted garage, offering a private studio with a full bath, walk in closet and kitchenette—perfect for guests, rental income, or a home office. Enjoy outdoor living in the expansive backyard, complete with lush landscaping, mature palm trees, multiple seating areas, built in bbq and bar top, and a covered patio ideal for entertaining. RV parking provides added convenience, and the rare basement offers extra storage or potential for a creative workspace. Additional features include upgraded electrical, central AC and heat, two water heaters, a private laundry room for both units and ample storage Situated in a highly sought-after neighborhood with tree-lined streets and historic charm, this home is just minutes from shopping, dining, and major freeways. Don’t miss this rare opportunity to own a piece of Ontario’s history with modern functionality!
Source: CRMLS #CV25049155
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #CV25049155
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.
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.
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.
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.
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.
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.