8137 Kalmia Ave, California City, CA 93505
4 beds · 2 baths · 1,796 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 8137 Kalmia Ave, a charming 4-bedroom, 2-bathroom home in California City, CA. Spanning 1,796 square feet, this residence offers a blend of modern updates and classic features, conveniently located near Edwards Air Force Base. As you enter, you'll be greeted by a spacious and open kitchen that's perfect for cooking and entertaining. The contemporary design and ample counter space make it the heart of the home, seamlessly connecting to the dining and living areas for effortless gatherings. The home features four generously sized bedrooms, each offering a comfortable and relaxing space. While two full bathrooms offer convenience and functionality to your daily life. Step outside to discover a large backyard designed for versatility and enjoyment. With separate zones for entertaining, playing, and pet-friendly activities, this outdoor space is perfect for hosting events or simply enjoying some quiet time in the fresh air. Additional highlights include a well-kept interior and spacious fenced-in front yard. The property's location offers the perfect balance of suburban serenity and close proximity to essential amenities and major commuter routes. Experience the comfort and potential of 8137 Kalmia Ave. Schedule a visit today to see how this home can meet your needs and aspirations!
Source: CRMLS #SR24192408
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #SR24192408
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.