37422 Cambridge Ln Palmdale, CA 93550
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About this home
This beautiful home is nestled at the end of a quiet cul-de-sac in a great Palmdale neighborhood, and as soon as you step inside you’ll immediately recognize the owner’s true “Pride-Of-Ownership.” Here are just a few of its many other fine features: The custom front door with oval lead glass insert and matching side panels opens to a flowing 1,995 square foot open concept floor plan that is in “Move-In-Condition” with plantation shutters, and an aesthetic blend of veneer hardwood, tile, and carpet flooring. The spacious living room is bathed in natural light from multitude of windows which highlights the vaulted ceiling with lighted fan, and has a mantled gas-burning brick fireplace. The family’s cook is going to appreciate the kitchen’s abundant cabinets, ample quartz counters, built-in stainless steel appliances, and the convenience of the adjoining dining room. Since the family room, currently being used as a dining area, with its breakfast bar flows seamlessly with the kitchen you’ll find it very easy to serve and entertain your guests simultaneously. A total of 3 bedrooms; 1 secondary bedroom has a walk-in closet. The grand suite has a custom lighted ceiling fan, large walk-in closet, land a well appointed full bathroom with dual sink mirrored vanity. 2½ bathrooms; The ½ bathroom is located on the first level for your guests. Second story bonus room. Functionally located laundry. Energy efficient dual pane windows will help keep your utility bills low and the interior quiet. Central heat & air for year-round comfort. You’re going to appreciate and enjoy the large backyard’s privacy fencing and gigantic enclosed entertainer’s patio with its efficient wall A/C unit and 2 ceiling fans. You’ll have absolutely no problem securely parking any and all of your vehicles and other toys off street on the oversized concrete driveway with possible gated RV access, and in the direct access garage. All of this sits on a large 7,886 square foot lot that is close to schools, restaurants, grocery stores, and the 14 freeway. Call now for all of the details and I’ll gladly arrange your private tour.
Source: CRMLS #SR25228603
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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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