VA loan
1 of 75
VA loan
$1,195,000 SIGNIN

Sign in to see required down payment for the 2.375% rate

9838 Leona Ave, Leona Valley, CA 93551

4 beds · 3 baths · 3,805 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

EXQUISITE CUSTOM SINGLE STORY IN THE HEART OF SERENE LEONA VALLEY -- with Quality, Warmth, Good Taste! Almost 1000sf of this Home Added with Permits in the last 12 Years. Almost Everything changed: Anderson Wood Windows, Custom Doors, Cabinets, Flooring, Fixtures, Paid for Solar & much more! You enter to Dual Entry Doors, Massive Solid Wood Beams & Flagstone Flooring lead to the Huge added Family Room with an Old-World Custom Crafted Fireplace & Builtin Entertainment Center. There are also Formal Living & Dining Rooms with Picture Windows to Entertain & take advantage of the Lovely View. The Chef's Kitchen was totally rebuilt: Custom Cabinets, Viking Stove in Large Center Island, Granite and Slate Countertops, Stainless Appliances including Refrigerator, a Stone Fireplace & a Walkin Pantry. The Resort Style Master Suite features a Sitting Area with a cozy Fireplace & a Massive Closet with Builtin Cabinets, Drawers, Shoe Racks & a Center Island. The Master Bathroom is Lovely with Oversized Shower with Stone Tile Flooring with Matching Decorative Detail, Separate Soaking Tub, Rich Granite Counter & Tub Surround Tops & Wainscoting in Toilet Room. Secondary Bathrooms are also beautifully remodeled. Then--take the French Doors to the Amazing Covered Patio & Inground Pool/Spa. The high peaked Roofline of this Large Patio gives an impressive feel. You'll love the detail, Wagonwheel Light Fixture & Ceiling Fans. On two sides is a Brick Counter with Flagstone Tops & Backsplash, a Builtin BBQ, Beverage Refrigerator & a Sink. Beyond is the Inground Pool with Spa. This Pretty Yard is perfect for family & friends. Attached to the home is a 3 car garage & Seller added with permits a detached 4 car garage with Lots of Cabinets. The property is almost 3 acres & behind pool area is a Metal Tractor Cover, a Shed and the Water Tank. Did I mention that in addition to the Public Water there is a Well for landscaping the property. DON'T MISS THIS ONE OF A KIND HOME!

Estimated
Seller's interest rate
2.375%
7%
Estimated
Monthly payment

$2,943
$3,757
You may also save up to $251,680 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $3,757 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
VA
Rate
2.375%
Remaining term
25 yrs and 9 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$2,943
Principal & interest
$1,324
Mortgage insurance
-
Property taxes
$1,181
Home insurance
$438
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
3,805 sqft
Lot size
2.8994 acres
Year built
1987
Type
Single Family Residence
HOA dues
$0.00

Source: CRMLS #SR25061541

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 09, 2025 09:20 am
Listing agent: Maxi Case
Listing provided courtesy of: The Real Estate Place (661) 206-2121
Details provided by CRMLS and may not match the public record.
MLS ID: #SR25061541
Based on information from California Regional Multiple Listing Service, Inc. as of May 09 2025 - 18:32 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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$2,943
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