6545 Hohape Ave, Kelseyville, CA 95451
2 beds · 2 baths · 1,040 sqft
Enjoy lake views and community lake access from this low maintenance stick built home in quiet neighborhood! This 2bdrm/2bth home is the perfect spot for a summer vacation home or full time living. The low maintenance yard offers shade from mature trees, room for boat or RV parking (with easy circular driveway), covered carport, storage shed, and a large deck with lake views. A wheelchair ramp and an electric lift allow for easy access into the home or use the lift to bring heavy groceries up to the front door from the driveway. Inside the home you will find a kitchen with an abundance of storage, an open concept into the living room, a built-in gas fireplace, separate laundry room, and 2 bedrooms located to the back of the home for extra privacy. Both rooms have lake views directly from the bedroom widows. The master bedroom has an additional entrance allowing for rental or roommate possibilities. This home allows you to enjoy the peacefulness of lake living and the convivence of amenities close by.
Source: CRMLS #LC24165763
Source: CRMLS #LC24165763
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.