40310 Beaver Ave Aguanga, CA 92536
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About this home
This stunning ranch-style home sits on 24 acres of agriculturally zoned land in Aguanga. The main residence features 4 bedrooms and 2 bathrooms, spanning 1,972 square feet of living space, with an additional detached casita that includes its own bathroom. Perched atop a hill, the home is surrounded by mature trees and offers sweeping views. The kitchen is equipped with granite countertops, custom cabinetry, and upgraded stainless steel appliances, including an oven, separate convection oven, 5-burner cooktop, and a spacious center island. This open kitchen flows seamlessly into the living room, creating an ideal open floor plan. The living room offers large picture windows with scenic views and wooden ceilings with exposed beams. The bathrooms have been updated with modern countertops and upgraded cabinetry, and tile flooring is found throughout the home. The backyard includes a covered patio and an indoor laundry room, adding convenience and comfort. The property boasts extensive usable land and is filled with potential, offering a unique opportunity to enjoy both comfort and the beauty of a vast, agriculturally rich landscape.
Source: CRMLS #IG24232600
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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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