11130 Tenaya Rd Apple Valley, CA 92308
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About this home
The Apple Valley home that fits all your family's needs and wants! This home comes with PAID FOR SOLAR, saving you money monthly with 49 panels and not just one, but two back up batteries! A large kitchen with newer appliances openly flows into your kitchen nook and family room that offers a wood burning stove to keep you warm on chilly desert nights! The primary suite is located off of the kitchen with a large walk in closet adjoining a bathroom finished with dual vanities and a soaking tub with a private shower! The additional three bedrooms are located on the other side of the home with a full bathroom tucked in between! The property offers a fully fenced one acre lot with a covered patio perfect for entertaining and expansion! Looking for room to work or run your home business? Additional space for guests? You'll love the fully finished secondary structure equipped with recessed lighting, flooring and a mini split! A custom built chicken coop is ready to help kickstart your dream of a family home stead alongside a fully finished storage unit to allow for ample storage! Ready to tour this home? Scroll down for contact information and call the listing agent, Emily Lamping directly!
Source: CRMLS #HD25225579
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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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.