1521 Fairway Oaks Ave Banning, CA 92220
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About this home
Welcome to your own private paradise located in the spectacular Sun Lakes gated 55+ active adult community! No Mello-Roos! This exquisite home boasts a serene, beautifully landscaped backyard featuring custom-designed, luscious, manicured landscapes highlighted by a large rock boulder and tiered waterfall fountain. Accented by beautiful greenery and flowering perennials, the tranquil and relaxing sound of water spilling from the waterfall enhances your outdoor living experience. Enjoy an English sculpted garden, covered patio, and built-in BBQ—perfect for entertaining or relaxing. The thoughtfully elevated gardens provide privacy, ideal for adding your personal spa retreat right outside the primary suite. Enter through a lovely, private, level entrance to find elegant designer tile and plush carpeting complemented by chic, modern touches. The expansive formal living and dining area greets you with soaring two-story ceilings, ample natural light, and a sophisticated dual-sided fireplace. Updated designer gold and crystal chandeliers enhance the elegant ambiance of the dining room. The recently refreshed kitchen features freshly painted cabinetry, stylish backsplash, and coordinating countertops, seamlessly connecting to the casual dining nook and second living area. High ceilings, plantation shutters, and large windows throughout offer abundant light and additional views of the stunning fireplace. Retreat to the main-level primary suite with vaulted ceilings, direct backyard access, a generous walk-in closet, dual sinks, luxurious soaking tub, and expansive walk-in shower. Upstairs, discover a spacious loft area, two additional bedrooms, and a full bathroom—ideal for guests or versatile living space. Sun Lakes offers unparalleled amenities, including championship and executive golf courses, pro shops, tennis, pickleball, bocce courts, two restaurants, a remodeled bar/lounge, and three clubhouses featuring indoor and outdoor pools, spas, fully-equipped gyms, ballroom, billiards, library, craft rooms, and over 80 clubs and activities. Conveniently located less than an hour from mountains, deserts, and beaches, and mere minutes from Desert Hills Premium Outlets and Morongo Casino. Don’t miss this rare opportunity—make this secluded gem your forever dream home today. For a walk through video check out this link. http://www.1521fairwayoaksave.com/mls/193320496.
Source: CRMLS #IG25226628
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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.