2620 S Quaker Ridge Pl Ontario, CA 91761
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About this home
Welcome to 2620 S. Quaker Ridge Place, Ontario, CA – a beautifully maintained and upgraded home offering comfort, efficiency, and style both inside and out. This property features owned solar added in 2019 with 25 panels on a 20-year purchase plan. Monthly solar payments are approximately $250, while the Edison bill is typically only the service fee—usually between $7–$15 (annually payable as well). The backyard is an entertainer’s dream with an upgraded pool system, including a new filter, variable speed pump, and vacuum. You’ll also find a newer aluminum patio cover with built-in gutters, electrical, and dual fans, plus a second storage shed. For those who love gardening, the yard boasts an impressive collection of fruit trees (lemon, apple, orange, pear, plum, peach, pomegranate), as well as grapes, blackberries, raspberries, aloe vera, elephant ears, and succulents. Inside, enjoy modern touches throughout: Energy-efficient lighting and updated electrical outlets (some with USB ports). Crown molding, fresh paint, and a charming shiplap fireplace. Updated bar area and new stainless steel microwave, matching all stainless steel appliances. Upgraded upstairs bathroom with new vanity, mirror, shelving, fixtures, and paint. Freshly painted bedrooms, dual-pane windows throughout with wood blinds & shutters. Smart thermostat with built-in WiFi for convenience. The garage is fully upgraded with epoxy flooring, mini-split air conditioning, pegboard walls, and wood shelving (included). The water heater has also been upgraded to a 50-gallon energy-efficient model. Additional highlights include RV parking, updated landscaping, and countless thoughtful upgrades that make this home truly move-in ready.
Source: CRMLS #IV25187246
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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.