39627 Prospect Dr Forest Falls, CA 92339
Your savings
About this home
Price Reduced! Don't Delay! This home cries out for full time mountain living! Street appeal is what you see in this freshly painted, Well loved and beautifully remodeled 3 bedroom 2 bath home. Living room boasts Olympic wood burning stove in brick fireplace and a MR COOL split unit for heating and air. Modern meets old school when the original brick is revealed under stucco coating creating this Industrial chic look. Barn door leads from living room into main floor master with ensuite bath and access to huge rear yard. Kitchen is a chefs delight with dark granite counter tops and bright white new cabinets, big efficient dual glazed windows let the light shine. Adjacent service porch allows access to laundry, bath and side yard. Upstairs hosts tons of storage, sitting area/family room, kids size bedroom and big bedroom, with skylights and a full bath. Huge front yard and off street garage create tons of parking and room for gardening to your Hearts delight. Big Front porch for sitting, rocking and watching the world go bye. Property already well landscaped including mock orange, Camellias, fruit trees and so much more. This one of a kind home sits on the top part of the Prospect loop so walking, bike riding and socializing with neighbors is a breeze.
Source: CRMLS #IG25152535
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.