21472 Firwood Lake Forest, CA 92630
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About this home
Welcome home to this spacious 3-bedroom, 3-bath split-level condo. A rare find that combines functionality, great flow and modern comfort in a prime location. Step inside to discover an open concept living space filled with natural light and high ceilings. Entertain effortlessly with both a living room and a family room, plus a large dining area perfect for gatherings. The newly remodeled modern kitchen is a chef’s dream, featuring an 8-burner stove, double oven, large center island with seating for four, and ample storage throughout. The home also includes indoor laundry, a lower-level powder room, two-car attached garage, and an updated HVAC system (2022) for year-round comfort. The sizeable primary suite offers a peaceful retreat with an en suite bath and a walk-in closet. The two additional bedrooms upstairs have ample closet space and a newly renovated full bathroom which makes this home ideal for a growing family, a home office and guests. Just off the kitchen enjoy outdoor living and entertaining on the spacious, fenced-in patio, or take advantage of the community pool and jacuzzi along with nearby walking trails situated next to the highly regarded Serrano Park. The home’s prime location places you just minutes from award-winning schools, Irvine Spectrum’s top-tier shopping, dining, and entertainment, with cozy local cafes and everyday essentials just a short walk away. Move-in ready and waiting for you to call it home! Buyer to confirm all details.
Source: CRMLS #OC25198165
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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.