4981 Rio Bravo Dr, Banning, CA 92220
2 beds · 2 baths · 1,668 sqft
STUNNING, LIGHT AND AIRY HIGHLY UPGRADED TURN KEY FORSYTHIA Model in Beautiful SUN LAKES COUNTRY CLUB. Approx 1668 SF, 2001 PULTE Built Home, 2 Bed 2 bath + enclosed den. Surrounded by PICTURE WINDOWS bringing in Natural Light and Views of the Pristine Garden. The elevated Front Courtyard enjoys wonderful views of the San Gorgonio Mountain range in the distance. At the entry, the Bright and Den with large picture windows offers a variety of uses; Studio, Office, TV Room or guest room. The roomy hallway includes two lighted enclaves for your treasured artwork. At the end of the Hallway is the OPEN CONCEPT Large Great Room with Tray Ceilings, CUSTOM CREAM WHITE LARGE TILE FLOORING throughout, PUSH BUTTON FIREPLACE, opening up to the Most GORGEOUS Kitchen with Luxurious "CAMBRIA" QUARTZ COUNTER TOPS, WHITE CABINETRY W/COMPLIMENTARY HARDWARE, CUSTOM LED UNDER CABINET LIGHTING, PULL OUT SHELVES, CUSTOM DOOR FRAMES, and a Pantry. Built in surround sound, dimmers, and smart thermostat BOTH LRG BEDROOMS HAVE LUXURY VINYL WOOD PLANK FLOORING + walk in closet in main bedroom, CEILING FANS, "CAMBRIA" QUARTZ COUNTERS also bringing beauty TO BOTH BATHS AND HALLWAY LINEN CABINETS, UPGRADED LOW FLOW TOILETS. Enjoy the PROFESSIONALY DESIGNED Hardscaped and Landscaped Back Patio with a Variety of unique Plants and Foliage, a Combination Solid and Slated ALUMAWOOD PATIO COVER with ceiling fans and MUCH MORE! Beautifully done front yard artificial turf in front yard allowing for minimal maintenance. Garage large enough to fit your golf cart and added storage shelving . SUN LAKES COUNTRY CLUB is California's Premier 55+ Active Adult Community offering an Array of Amenities; 24 Hour Guard Gated, 2 Golf Courses - Championship & Executive, 3 Clubhouses, Grand Ballroom, 3 Pools-In/Outdoor Pools, Tennis, 2 Restaurants & Much More. EVERY DAY FEELS LIKE A VACATION!
Source: CRMLS #IV25039045
Financials
Source: CRMLS #IV25039045
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.