224 Loon Ct Foster City, CA 94404
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About this home
Beautiful Eichler home nestled in the desirable area of Foster City. This 4-bedroom residence, with a separate office and 2 bathrooms, has been tastefully remodeled to combine timeless Eichler design with modern upgrades. Spanning 1,871 square feet, the spacious and functional layout offers comfortable living spaces. The large family room, filled with natural light from skylights, seamlessly flows into the living room with a centerpiece wood-burning fireplace, creating an inviting and bright atmosphere. At the heart of the home is the chefs kitchen, featuring a 48" dual fuel range with two ovens, quartz countertops, a built-in refrigerator, and ample space for culinary creations. Energy-efficient features, with Energy Star appliances, enhance sustainability without compromising style. Ample storage is provided through walk-in closets and built-ins throughout. The private backyard w/low-maintenance landscaping, while the two side yards offer endless possibilities for gardening or a dog run. The home offers a much desired 1 car garage and a 1 car carport layout. Situated on a Cul-de-Sac with access to Turnstone Park and just a few blocks from Bay Trail. This is a rare opportunity to own a beautifully reimagined Eichler, perfect for modern living in a superb location.
Source: CRMLS #ML82023442
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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.