6815 Farrier Ave, Riverside, CA 92503
4 beds · 2 baths · 1,300 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Charming 4-Bedroom Home with Sunroom & Pool in Arlanza, Riverside! Welcome to this beautifully maintained 4-bedroom, 2-bathroom home nestled in the desirable Arlanza community of Riverside, California. Offering the perfect blend of comfort and convenience, this home boasts a spacious sunroom, an above-ground pool for those warm California days, and a generous layout ideal for families or entertaining. Step inside to find a bright and inviting living space, a well-appointed kitchen, and four comfortable bedrooms, providing ample room for relaxation. The sunroom is a standout feature, offering extra space for a playroom, office, or cozy retreat with views of the backyard. Outside, the backyard is ready for summer fun with an above-ground pool and plenty of space for gatherings. Prime Location! Situated in the heart of Arlanza, this home is just minutes from popular shopping centers, including the Galleria at Tyler, which offers top retail stores, dining options, and entertainment. Nearby, the Riverside Plaza and Arlington Square provide additional shopping and local favorites. For outdoor enthusiasts, Rancho Jurupa Park and the Santa Ana River Trail offer opportunities for hiking, biking, and picnicking. Not to mention, the Van Buren Golf Center provides a great spot for golf lovers. Plus, with easy access to the 91 and 60 freeways, commuting and weekend getaways are a breeze. Don’t miss your chance to own this fantastic home in one of Riverside’s thriving communities! Schedule a showing today!
Source: CRMLS #IV25029466
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 #IV25029466
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.