921 Boon Pl # C, Corona, CA 92881
2 beds · 3 baths · 1,110 sqft
Located in the highly desirable Gallery townhome community in South Corona, this 2-bedroom, 2.5-bathroom home is ready for you to make it your own! Inside you'll find a bright and airy layout featuring a light-filled kitchen with granite countertops, room for barstool seating, a stainless steel oven and stovetop, microwave, dishwasher, and refrigerator. The cozy dining area, half bathroom downstairs for guests, ceiling fans, and a sliding door off the living room leading to the patio make this home both comfortable and inviting. The roomy patio offers plenty of space to relax with your morning coffee or BBQ with friends and family. Upstairs, the spacious primary bedroom features an en-suite bathroom with a walk-in shower, tile flooring, a single sink vanity, and a walk-in closet. The secondary bedroom has its own detached bathroom with a shower/tub combo, tile flooring, and a single sink vanity. The two-car garage is attached with direct access to the home and includes laundry hookups. The community amenities include a gated sparkling pool and spa, mature trees and landscaping, and open green grass areas. Conveniently located near the 15 freeway with easy access to the 91 Toll Roads, this commuter-friendly townhome is also within walking distance to schools and close to shopping, dining, entertainment at The Crossings and Dos Lagos. With plenty of opportunity to add your personal touch, don’t miss this chance to own in a sought-after neighborhood!
Source: CRMLS #IV25069388
Financials
Source: Public records
Source: CRMLS #IV25069388
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.