1151 E 33rd St San Bernardino, CA 92404
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About this home
Welcome to 1151 E 33rd Street, San Bernardino. Situated in the desirable North part of San Bernardino this cute home offers 3 ample bedrooms plus 1 and a half bathrooms. There is a large brick fireplace in the family room for those cold nights. Sellers have done a lot of recent upgrades to the home, they are a brand new kitchen with quartz counter tops, new stainless steel, sink, faucet, hood and a really nice stove, fresh paint inside and out, tile flooring in both bathrooms, new carpet, laminate flooring in kitchen and family room, new electrical switches and outlets, some new light fixtures, glazed shower, new wall heater, all new interior doors and more. The home also features dual pane windows, 4 year old roof and a large back yard with a detached 2-car garage. There is also plenty of space for kids to play, pets or you can add an ADU. The solar panels were installed less than a year ago and they include a back up battery, they are on a 25 year lease which the buyers will need to assume. There is a long driveway for all your cars, toys or RV. Just a short drive from Yaamava Casino & Resort, Lake Arrowhead, Big Bear, Cal State San Bernardino and much more. Don't miss out on this nice home, come see it before it is too late.
Source: SANDIEGO #IV25224638
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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.