10348 West Dr Felton, CA 95018
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About this home
Welcome to Lompico! Where the mountain air greets you with a feeling of peaceful serenity and seclusion. Its rare to find a lot this size (98,838 SqFt) with lots of usable square footage. There's enough space to add an ADU up to 1200sqft. This unique location near the end of West Rd. offers an extra level of privacy, gets lots of sunlight and boasts spectacular views of the valley. This lovely 2b/1.5ba gem has been elegantly updated inside and out, with almost $80k invested. The expansive wrap around deck and 2nd level balcony are perfect for entertaining or relaxing. The kitchen features new quartz countertops, new sink, new microwave, gas range, dishwasher, and refrigerator. The family room is seamlessly integrated with the dining area, creating an inviting space for gatherings, and features a fireplace that adds warmth & charm. Upstairs: both bedrooms, a full bathroom, washer/dryer, and the private jetted tub room with views. You'll feel like you're in your own private spa resort! Theres plenty of storage in the sheds, and lots of room under the deck. City water! Upgrades include: Fresh paint, refinished hardwood floors, brand new carpet, new light fixtures, repaved driveway, Tesla wall battery, and much more. Close to Felton restaurants & shops, and 1.5 miles to Loch Lomond.
Source: CRMLS #ML82021988
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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