1339 Basswood Way Hemet, CA 92545
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About this home
Check out this lovely residence is situated within the Seven Hills 55+ golf community. This spacious triple wide home featuring over 2200 sq. ft. of living space, 2 bedrooms, 2 bathrooms complemented by two sizable bonus rooms that offer you many versatile options such as utility rooms, home offices, craft rooms, or personal workout spaces. Enter through your private gated courtyard into the living/dining room which is a massive open space ideal for many different furniture configurations. The kitchen is a chef's delight, featuring a breakfast bar, loads of cabinet space with a bright, open, feeling thanks to the skylight. The kitchen opens to a spacious family room with built in wet bar and access to the bedrooms and bonus rooms. The generously sized master bedroom boasts a walk-in closet and an expansive master bathroom complete with a walk-in shower. Brand new HVAC. Has a new high end walk in Jacuzzi tub. An instant hot water heater for the kitchen so you don’t have to wait for hot water and a brand new sprinkler system for the yard. The current owner installed a large solar panel system in the past few years which handles all of your energy needs. The property also offers a two-car garage, thoughtfully equipped with a handicapped ramp for added accessibility. Other amenities include a gated front porch, a relaxing back patio, and an interior skylight. Conveniently located near grocery and retail stores and restaurants.
Source: CRMLS #SW25191305
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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.