3733 Cougar Canyon Rd Hemet, CA 92545
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About this home
FHA appraisal is in at $485k with $7000 towards the buyer's closing costs! Make your offer today! Lovely 4 bedroom, 2 bathroom single story home located close to West Valley High School and Harmony Elementary. As you enter the home, you are greeted by the spacious living room with high ceilings and a fireplace. The living room will lead you to the dining room and kitchen that feature tile flooring, a walk in pantry, ample cabinet and counter top space, and a slider door that leads you to the covered back patio and spacious back yard. All of the bedrooms are down the hall from the living room. There is a double door entry to the 4th bedroom, this room is noted as a bedroom by the builder and does not have a closet and could be used as a bedroom or an office area. All the bedrooms are good sized and have ceiling fans. The primary bedroom features a walk in closet with mirrored closet doors. There is a private bath in the primary with a step in shower and double sinks. There is a 2nd full bath in the hall. You'll love the huge backyard! The covered patio reaches the length of the house, and there is a gated dog run on the side. Have an electric car? There is a Tesla charger installed in the garage! Save money with low taxes and no HOA. Plan your visit today!
Source: CRMLS #IG25174602
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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.