5628 Arapaho Way, Kelseyville, CA 95451
4 beds · 3 baths · 3,008 sqft
Imagine stepping into your dream home, nestled by a serene lake, where soothing water views are the backdrop to everyday life. This custom home in the Riviera is turn-key, with lots of nearby amenities, and less than five minutes to the highway. Paid off solar system and battery are included in the price! Walking up to the home, you are greeted by beautiful stonework in the driveway, and front of the home. A perfect office space is to the left of the entrance. The heart of the home is the expansive family room, which features large windows that frame the picturesque Lakeview, allowing natural light to flood the space. This cozy yet spacious area is perfect for gatherings, with comfortable seating and a warm, rock wall fireplace inviting relaxation. The open kitchen concept allows the chef of the family to be included in the festivities, perfect for entertaining. Gorgeous white cabinets, counters, and stainless steel appliances make this kitchen sparkle! Venture outside onto the generous deck that extends from the family room, perfect for entertaining or simply enjoying peaceful moments in nature. The deck offers ample space for outdoor dining and lounging. A retractable awning provides shade on sunny days. Surrounded by lush landscaping and the gentle sounds of wildlife, this outdoor oasis becomes an extension of your living space, ideal for creating lasting memories with family and friends. A big fenced-in yard, with lots of opportunities for a garden, pets, or kids to play. The lot behind the house is included as well, so you never lose your lake view! Mini-splits provide energy-efficient heating, powered by your solar, and the battery lasts 1-2 days, keeping life pleasant in an outrage being recharged by the sun. This home has tons of storage, and a functional layout with a huge family room, big enough for any activity, and two bedrooms and a full bath downstairs as well. Two bedrooms and two bathrooms are upstairs with the kitchen and laundry. The primary suite has its exit to the balcony, a walk-in shower, and a closet in the bathroom as well. Everything you could need is on the top floor! With plenty of room for a big family, this home is designed for comfort and togetherness, making it the perfect retreat for both everyday living and special occasions. Welcome to your dream home.
Source: CRMLS #LC25041335
Financials
Source: Public records
Source: CRMLS #LC25041335
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.
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 “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.