15533 Syracuse Ln Fontana, CA 92336
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About this home
***Motivated Seller***Probate Sale***No Court Confirmation Required*** Welcome to the beautiful, gated community of Shady Trails. This gorgeous 4-bedroom, 3-bath home (which includes 3 large bonus rooms) offers homeowners a well-designed floor plan, from a friendly entryway that welcomes you into a lovely formal living room and inviting formal dining room. The natural flow of the home leads next into an open floor plan that consist of a large family room and spacious kitchen with granite counter tops and an oversized island perfect for entertaining family and friends. The first floor also includes a spacious bonus room that can be used as you own private fitness gym, guest room or office. Adding to your convenience is an indoor laundry room with sink and a full bathroom with shower. On the second floor you will find the formal master suite with His and Her's walk-in closets, Jacuzzi tub and separate shower. Additionally, there are 3 generously sized bedrooms and an eight seat Movie Theater Room with surround sound. On the third floor, you will find a large loft area with an oversized closet that can be used as game room, family room or fifth bedroom. This home has a spacious two car garage with workspace and storage cabinets. The back yard has a beautiful custom aluminum covered patio and two storage sheds on the side yard. Shady Trails provides resort-style amenities for its residents. This family friendly community includes private parks, playgrounds, Jr. Olympic size pool and a separate kiddie pool, fitness gym, theatre, tennis courts, basketball courts, conference center, picnic area, barbeque center, multipurpose/banquet room with full kitchen.
Source: SANDIEGO #PW25052067
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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.