3613 Garnet Ln Lancaster, CA 93535
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About this home
“This home is eligible for a $10,000 GRANT for closing costs or $15,000 forgivable loan (DPA) available to pay for closing costs and down payment.Stunning 4-Bedroom Home with Modern Upgrades! Step into this beautifully maintained 2019 Home, offering like-new features and a thoughtfully designed open floor plan. The spacious living area boasts elegant wood laminate flooring, creating a warm and inviting atmosphere. The chef's kitchen is a standout, featuring a large granite island, expansive countertops, and ample storage with sleek white cabinets—perfect for cooking and entertaining. The private master suite is thoughtfully positioned away from the other bedrooms, ensuring a peaceful retreat. Enjoy the benefits of modern energy-efficient upgrades, including a tankless water heater, solar panels, fire sprinkler system, smart temperature control, and a Ring doorbell. The low-maintenance front yard features a zero-scape design, while the sprinkler drip system keeps landscaping effortless. A spacious two-car garage completes this exceptional home. Don't miss out on this move-in-ready gem! Schedule your showing today.
Source: CRMLS #SR25040137
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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.