720 Briarwood Ln, San Dimas, CA 91773
3 beds · 3 baths · 1,496 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this beautifully maintained home in the Tiburon Puddingstone Community, located in the award-winning Bonita Unified School District. This home boasts a stunningly remodeled kitchen with an island and ample custom cabinetry, providing both style and functionality. The elegant Pergo laminate flooring flows throughout the living, kitchen, and dining areas, creating a welcoming and refined atmosphere. Step outside into the tranquil backyard oasis, perfect for enjoying your morning coffee or tea. While the garage isn't attached, it provides easy access from the property. The community offers fantastic HOA amenities, including a well-maintained greenbelt, clubhouse, two pools, BBQ areas, a basketball court, and a playground. You’ll love the convenient walking distance to Puddingstone Lake/Reservoir, Raging Waters, and Bonelli Regional Park. Shopping options like Home Depot and Walmart are just moments away. The home is also ideally located near Cal Poly Pomona, La Verne University, and Mt. San Antonio College, with easy access to the 57, 10, and 210 freeways. The upcoming Foothill Gold Line, set to connect to the L.A. Metro by 2025, will only enhance your commuting options. Don’t miss the opportunity to make this wonderful home yours!
Source: CRMLS #CV25068114
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #CV25068114
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 of Equal Opportunity Act.