23942 Schoenborn St West Hills, CA 91304
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About this home
Seller is willing to pay lender 2-1 rate buy down for the buyer! This luxurious home in the prestigious Sterling at West Hills Community is the perfect blend of elegance, comfort, and modern living. With breathtaking mountain views, it truly offers a private oasis. Boasting 5 bedrooms, 6 bathrooms, and a sprawling 4,015 square feet of living space, every inch of this home has been designed with exquisite taste and attention to detail. The main level welcomes you with a flexible office/den space, a powder room, and a formal dining room, setting the tone for a sophisticated living experience. The spacious living room features retractable sliding doors, effortlessly connecting the indoor space to the stunning backyardideal for entertaining. The backyard is a dream, with a sparkling pool, relaxing spa, built-in BBQ area, and cozy fire pit, creating the perfect atmosphere for gatherings. The chefs kitchen is a culinary masterpiece, complete with an oversized island, high-end stainless-steel appliances, quartz countertops, and a large pantry. Additionally, through the kitchen is a mudroom which leads directly to a three-car garage for added convenience. The main level also features a luxurious primary suite, complete with its own washer and dryer, a spa-like bathroom, and a generous walk-in closet. Upstairs, youll find a spacious loft, laundry room, and four additional bedrooms, one of which has been transformed into a gym, along with four bathrooms. This home is the epitome of luxury, designed for those who seek style, convenience, and the ultimate California lifestyle. Its truly a must-see property for those in search of the perfect home.
Source: SANDIEGO #SR25125967
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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.