490 Anderwood Ct Apt 3 # 3, Pomona, CA 91768
2 beds · 2 baths · 1,037 sqft
PREMIUM END UNIT IN THE PRESTIGIOUS PART OF POMONA - NEAR THE FAIRPLEX. You've seen the inventory and I've seen the inventory - this is the most COMPLETE townhouse at this price point. The secure, gated community with ONLY 39 units leads to the last row in the back, for maximum privacy. As you enter, you have an attached and very spacious 2-car garage with coveted washer-dryer hookups. You also get plenty of storage space. Going upstairs, it opens to vaulted ceilings and several windows that drench the unit in natural sunlight. And remember - this is an END UNIT so your views out the living room are unobscured! A roomy living room is attached to the kitchen - with INCLUDED stainless steel appliances. Connected to the living room is a premium balcony. Remember, this is an END UNIT, so you get unobscured views! The two spacious bedrooms also boast high ceilings. The primary bedroom has an ensuite bathroom with shower, tub, and dual vanities. The secondary bedroom also boasts high ceilings, a closet area, and connection to the guest bathroom. A low 400/month HOA also includes trash, water, and a pool/jacuzzi. The value for this townhouse is incredible.
Source: CRMLS #SR25055752
Source: CRMLS #SR25055752
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.