405 Sugarloaf Blvd Big Bear City, CA 92314
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About this home
Charming, upgraded cabin with mountain views! Nestled on a well-treed, fenced lot, this home attractively blends rustic character with modern updates throughout. The split level 3 bedroom, 3 bath home offers a unique layout with one large bedroom and nicely upgraded bath on each level. Open living area on the main floor has beautiful wood floors, remodeled kitchen with stainless steel appliances, dining area and built-in dry bar. The warmth of knotty pine T&G walls and vaulted ceilings, the natural light from the skylights, plus 2 fireplaces for those chilly evenings, greet you as you step inside the living room and the upper primary bedroom. Other interior amenities include newer washer/dryer, central forced heating, dual pane windows, knotty pine ceilings, ceiling fans and recessed lighting throughout. The entry porch/mud room is enclosed with a wall of windows to enjoy the winter snowfalls and summer days, and provides extra living/storage space. 3 decks, one on each level, to soak in the peaceful setting and mountain views, BBQ, or relax in the outdoor spa on the spacious lower deck. With a detached garage, plus extra parking for your boat or RV, this inviting cabin comes furnished and ready to move in. Would make a great full-time or vacation home. Currently on an active vacation rental program.
Source: CRMLS #IG25246454
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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.