24182 Watercress Dr Corona, CA 92883
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About this home
Welcome to Trilogy @ Glen Ivy a 55+ Community! This single story property has views of the hills and many amenities. The turnkey property has two bedrooms and an office, with the potential of converting it into a 3rd bedroom. Entering the front door leads into the living room with a built in bar, perfect for entertaining guests. Family room has a fireplace in the corner of the room, perfect for enjoying conversations by the fire. The large kitchen features an island with a bar top for dining or hosting guests. Primary suite is large and spacious with additional views to hills, primary bath features large walk-in shower with bench seating, dual vanities, and a large walk-in closet. Double pane windows with shutters, upgraded flooring, and ceiling fans. The Trilogy Community offers many recreational activities that include, a exercise facilities, swimming pools, and a beautiful golf course with breath taking views. Surrounded by the natural beauty, this is more than a home- its a lifestyle!
Source: CRMLS #PW25026288
Loan details
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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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