12530 Loma Verde Dr Victorville, CA 92392
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About this home
Welcome home to this spacious two-level home on a quiet cul-de-sac street. This is one of the larger homes in the area located in a nice family-oriented neighborhood. Step into stately double entry doors, for a stately, elegant look. Immediately upon entering, your eyes are drawn to the high ceilings which allows for a ton of natural light. The high ceiling makes the home feel roomy, airy, and potentially improving air circulation. The living room, dining area, and kitchen boasts wood look laminated flooring. The partially open-concept kitchen allows the host to entertain guests or watch playing kids with plenty of room for furniture and/or toys in the den area. Ample space for storage, the den area is also equipped with a tiled fireplace. The shaded overhang in the backyard provides a nice seating area for the whole family to enjoy. There is one bedroom downstairs that can possibly be used as an office with the additional bedrooms upstairs on the second level. The laundry area has room for storage shelves or other system. The large two car garage has an epoxy floor. Move in and make this home yours; it is a blank slate ready for your style choices. Right off the main state highway 395, passing gas stations, shopping, and grocery stores. Your family will love every second of coming home to this property!
Source: CRMLS #PF24087492
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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.