254 E Avenue J7 Lancaster, CA 93535
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About this home
**BACK ON MARKET SEEKING QUALIFIED BUYER**SELLER EXTREMELY MOTIVATED!!** This delightful 4-bedroom, 2-bath home offers an unbeatable combination of style, comfort, and valueall wrapped up in a family-friendly package. With 1,162 square feet of thoughtfully designed living space, this home proves that great things really do come in efficient layouts. Step inside to discover new laminate flooring, fresh paint, and trendy finishes that make the entire space feel modern and move-in ready. Enjoy the benefits of dual-pane windows and recessed lighting, which create a bright and inviting atmosphere throughout. The living and dining areas offer flexibility for both daily living and entertaining. The kitchen is the heart of the home and features contemporary touches perfect for preparing family meals or morning coffee. Outside, you'll love the drought-resistant front yard landscapinglow maintenance and eco-friendly. The backyard is a blank canvas, just waiting for your personal touchimagine a garden, play area, or outdoor entertaining space under the covered patio! With a 2-car garage and 4 additional driveway parking spots, theres room for all your vehicles, guests, or even small RV. Nearby attractions include the Lancaster Museum of Art and History, Arthur B. Ripley Desert Woodland State Park, and the seasonal Antelope Valley California Poppy Reserve. The area also boasts easy access to public transit, variety of eateries and shopping options. Ideal for growing families or first-time buyers looking to maximize value without compromising on comfort, this home is an opportunity to put down some roots. And all of this, at an incredible price well under $500k. Dont miss it!
Source: SANDIEGO #SB25089008
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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.