2215 Northbend St Riverside, CA 92501
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About this home
PRICE REDUCTION! LET'S GET THIS ONE SOLD! Discover the perfect blend of convenience and charm in this beautifully updated 3-bedroom home, ideally positioned near Riverside's most coveted attractions. Step outside your door to explore the iconic historic Mission Inn, unwind with fishing at nearby Fairmount Park, or indulge in the vibrant dining and entertainment scene of downtown Riverside. With easy freeway access in every direction, your commute options are limitless. Inside, you'll find three generously sized bedrooms with ample closet space and comfortable carpet in all 3 bedrooms. The spacious living room has warm laminate floors, modern recessed lighting, and a ceiling fan for year-round comfort. The home has a newly remodeled kitchen featuring granite countertops, sleek stainless steel appliances, and contemporary cabinetry. The massive backyard presents incredible opportunities – perfect for creating an additional dwelling unit (ADU) for multi-generational living or generating rental income. Additional conveniences include a 2-car garage and attached storage shed for all your outdoor equipment. This rare find combines location, updates, and potential in one exceptional package. Schedule your showing today!
Source: CRMLS #IG25193079
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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.