2189 Stonewood St Mentone, CA 92359
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About this home
GORGEOUS! HAS ONE ADDITINAL ROOM AND BATHROOM!!! A RENTERS OR LARGE FAMILY BEST CHOICE!!! Freshly updated home located in a great family-friendly Mentone neighborhood. Formal living and dining rooms upon entry with decorative accent walls leading to the large great room at the rear of the home combining kitchen, living, and dining spaces. The kitchen is complete with a breakfast nook area, has been recently remodeled, and features Corian countertops with a tiled backsplash, custom painted cabinets, center island, large pantry, extensive storage, and access to the rear yard. The spacious family room is open to the kitchen and features recessed lighting and views of the backyard. Conveniently located downstairs laundry room and nearby 1/2 bath. A few highlights of this home are its custom paint throughout, neutral tile flooring, recessed lighting, and plantation shutters on most windows. The staircase and upstairs living area have been updated with laminate wood flooring as well as custom paint and wall treatments in each bedroom and loft. The 3 secondary bedrooms are all nicely sized with ceiling fans, large closets, and have a shared bathroom with a double sink vanity, linen closet, and shower/tub combo. The private master suite is spacious and features a ceiling fan, sitting area, plantation shutters, and an ensuite bath with dual vanities, glass enclosed shower, soaking tub, and a large walk-in closet. Low-maintenance rear yard with a large patio and grassy area. 2 car garage. Conveniently located to nearby Redlands schools, Crafton Hills College, shopping, and freeway access. (“The sellers were in the middle of upgrading the flooring before deciding to sell — it’s been removed and will be replaced soon.”)
Source: CRMLS #CV25200310
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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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