14250 Howe Pl Beaumont, CA 92223
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About this home
This slice of the country awaits the buyer that is looking for space to spread out and evenings for enjoying the city lights. Located on a knoll with access via a private drive, this home overlooks the meadows below, the city in the distance and the large mountain peaks. With 1.43 acres there is room for horses, orchards, parking and more. The home features 3 bedrooms, 2 baths, a big living space plus a bonus room that could have many possibilities: A game room, hobby room, exercise or play room. The kitchen is spacious with room for an island and the dining area enjoys the view. There is a 2 car detached garage with a finished office and a large storage shed. The home has new exterior paint, fenced and there is plenty of room around the home for a pool, play yard or a parking structure. This terrific location is rural, great for horses, orchard, vineyard and more, yet close to shopping and easy access to the freeway. A jewel like this does not come around very often so bring your style and creativity and make this your home.
Source: CRMLS #IG25062865
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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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