382 Davos Dr Crestline, CA 92325
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About this home
Charming Cabin Retreat Near Lake Gregory! Discover your perfect escape in this beautifully updated cabin located in the picturesque city of Crestline, just moments away from serene Lake Gregory. This inviting home is ready for you to move in and enjoy, whether you're looking for a full-time residence, a weekend getaway, or an investment property. Newer Roof & Decking. Experience peace of mind with a newer roof and stunning newer decking, perfect for outdoor entertaining. Fresh updates throughout:** Revel in the brand-new flooring and fresh interior and exterior paint that bring a modern touch to this cozy cabin. Breathtaking Views:** Step out onto the newly installed deck from the back sliding door and soak in the breathtaking mountain views. As you ascend the steps to the front door, a new landing area awaits, ideal for sipping your morning coffee or tea in the fresh mountain air. Upon entering, you’ll be greeted by a charming wood-burning fireplace and vaulted, beamed ceilings that create an inviting atmosphere. The spacious kitchen flows effortlessly into a breakfast nook, perfect for casual dining. Outdoor adventures await- Just down the road, pristine Lake Gregory offers crystal-clear waters surrounded by majestic pine trees, providing a tranquil escape into nature. Experience the vibrant mountain town vibe with local markets, delightful eateries, and a quick 10-minute drive to Lake Arrowhead for shopping and dining. This home comes equipped with a new refrigerator, dishwasher and stove for your convenience. Unlike many mountain homes this property boasts level and ample parking.
Source: CRMLS #PW25092000
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Close stress-free in 45 days, handled start to finish by Roam.
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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.