5626 Del Rosa Rd, Phelan, CA 92371
3 beds · 2 baths · 2,144 sqft
Escape to serene living with this spectacular 3-bedroom, 2-bathroom home nestled on a sprawling 2-acre lot in Phelan. This charming single-story residence offers 2,144 square feet of beautifully designed living space, perfect for those seeking a tranquil retreat with modern conveniences. Step inside to find a bright and airy open floor plan, accentuated by vaulted ceilings and large windows that flood the home with natural light. The inviting living room features a cozy fireplace, ideal for relaxing on cool evenings. The gourmet kitchen boasts granite countertops, a spacious counter tops, and ample cabinetry, double ovens, newer dishwasher, making it a chef's dream. The master suite is a true haven, complete with a walk-in closet and a luxurious en-suite bathroom featuring dual sinks, a large custom shower. The additional bedrooms are generously sized and perfect for family, guests, or a home office. This home offers a new water soft system, newer water heater, jacuzzi and so much more. Outside, the possibilities are endless with 2 acres of flat, usable land, horse corrals. Enjoy hosting BBQs under the covered patio, create your own garden paradise, or even build a workshop or guesthouse – the choice is yours! Additional highlights include an attached 3-car garage, a separate laundry room, central heating and cooling. This property provides a perfect blend of rural charm and modern living. Don’t miss this incredible opportunity to make 5626 Del Rosa Rd. your new home! Schedule a showing today and envision the endless possibilities. DO NOT USE GOOGLE MAPS GO NORTH ON JOHNSON RD, EAST ON GORGONIO RD, SOUTH ON BUTTONWOOD RD, EAST ON DEL ROSA RD. HOUSE WILL BE ON THE LEFT.
Source: CRMLS #EV24160608
Source: CRMLS #EV24160608
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.