18424 Jade Ln Morgan Hill, CA 95037
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About this home
Welcome to a beautifully maintained 3-bedroom, 2.5-bath end-unit townhouse offering style, space, and comfort in a desirable Morgan Hill community. This light-filled home features hardwood floors, soaring ceilings, and a freshly painted interior that enhances its inviting ambiance. The open-concept kitchen is equipped with granite countertops, stainless steel appliances, and ample cabinetry, perfect for both daily living and entertaining. Upstairs, youll find plush carpeted bedrooms, including a spacious primary suite, and a full laundry room with washer and dryer provided. The home also boasts a generous wrap-around porch for outdoor relaxation and an oversized 2-car garage with extensive storage space under the houseideal for keeping everything organized. With split zone AC, water softener and newer double paned Anderson windows you'll find this home checks all the boxes. Located in a serene community with resort-style amenities, enjoy access to a sparkling pool and spa, bocce court, playground, and BBQ area. Conveniently situated near shopping, dining, parks, and major commute routes, this turnkey property is the perfect blend of comfort and convenience. Additional amenities include a community spa/hot tub for relaxation and central AC for year-round comfort.
Source: CRMLS #ML82014482
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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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