50027 Road 620, Oakhurst, CA 93644
3 beds · 2 baths · 958 sqft
This renovated Cozy Mountain Cabin with ADU is situated on 1.19 acres and is only 12 miles from Yosemite National Parks south gate entrance and only 4 miles from the beautiful Bass Lake. With these popular vacation spots in such close proximity, this cabin would make an amazing vacation home for the family to escape to and/or to use as a short-term rental. The cabin offers 958 sqft of living space plus an additional 400sqft counting the detached ADU. Main home includes a galley kitchen with custom concrete countertops, stainless steel appliances, laundry area and a nice sized living room featuring the original custom rock fireplace crafted by local masons. Upgrades include dual pane windows throughout, insulation, two mini-splits (one in living room and the other in the primary bedroom), a tankless Rinnai water heater, an upgraded Septic System 6 years ago and new wood grain vinyl plank flooring throughout home. The 2 car detached garage is approx 600 sqft with a garage door opener for easy access. On the southern exterior wall of the garage there an electrical sub-panel in place for RV hookups. ADDED BONUS - The small detached ADU with bath located to the rear of the main cabin has its own separate entrance. Could potentially make a great short-term rental on its own or a guest house! Come see this little gem nestled in the pines just north of the town of Oakhurst. Sellers are very motivated. Make an offer! - All square footage to be verified by Buyer.
Source: CRMLS #FR25034470
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Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #FR25034470
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.
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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.
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