4629 Jade Ct, Lancaster, CA 93536
6 beds · 3 baths · 2,818 sqft
Welcome to this spacious 6-bedroom, 3-bathroom home located in the desirable West Lancaster area. Boasting 2,818 square feet of living space, this property offers plenty of room for a growing family or those who love to entertain. Home features an open concept kitchen with island, perfect for meal prep and gatherings. A convenient bedroom located downstairs that offers privacy for guest or multi-generational living. Expansive upstairs bedroom that offers versatility for a flexible living space. Spacious primary suite with a fabulous jacuzzi tub and large walk-in closet. Step outside to a fully enclosed backyard with block fencing, perfect for privacy and relaxation. Plus, the spacious 3-car garage ensures plenty of room for vehicles, storage, and more! To top it off, energy-efficient solar panels help you save while embracing a greener lifestyle. Don’t miss this incredible opportunity—your dream home is waiting!
Source: CRMLS #SR25067235
Financials
Source: CRMLS #SR25067235
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.
