5376 24th St, Jurupa Valley, CA 92509
2 beds · 1 baths · 900 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Don't miss out on this incredible opportunity in the vibrant city of Riverside! This spacious property offers everything a large family needs and more. With 5 bedrooms and 2 bathrooms, there's plenty of room for everyone. Enjoy two separate living rooms, perfect for entertaining and family relaxation. The large kitchen is ideal for preparing delicious meals and gatherings. A unique feature of this home is its fully finished basement, which houses two of the bedrooms and an additional living room. This offers flexibility and extra privacy. The remaining three bedrooms are conveniently located upstairs. This property presents an excellent opportunity for large families or those seeking additional income potential by converting the basement into a separate second unit (verify local regulations). In addition to its ample interior features, the property enjoys a prime location near the renowned Adams Motorsports Park, offering easy access to exciting events and activities. Street parking is plentiful, making it easy to accommodate guests. Agents need to conduct the necessary investigations regarding the legal construction of the property": This implies that there might be a discrepancy between the information in the title index and the actual physical structure of the property (as described previously with 5 bedrooms, 2 bathrooms, etc.). Agents are being instructed to verify the legality of the existing construction. Don't let this golden opportunity pass you by! Schedule your showing today!
Source: CRMLS #RS25078860
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #RS25078860
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 and Equal Opportunity Act.