41507 Alexo Dr Lancaster, CA 93536
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About this home
Welcome to 41507 Alexo Drive a luxurious West Lancaster estate that blends elegance, functionality, and opportunity. This home qualifies for an assumable FHA loan with an incredibly low 4.65% interest rate a rare chance to save significantly in today's market! Offering 5 bedrooms, 5 bathrooms, and nearly 4,000 square feet of beautifully designed living space, this two-story gem is perfect for families of all sizes. Featuring brand new carpet throughout, the home feels fresh, inviting, and move-in ready. Downstairs, you'll find a private suite, while upstairs includes 4 additional bedrooms, a bonus room, and a spacious loft ideal for a home office, gym, media room, or guest space. Step into the grand entry and enjoy soaring ceilings and natural light throughout. The formal dining room sets the tone for special occasions, while the open-concept kitchen is a true showstopper with a huge center island, double oven, and ample counter and cabinet space perfect for any home chef or entertainer. The downstairs laundry room with its own sink adds everyday convenience and thoughtful functionality right where you need it. The family room features a cozy fireplace, and the master suite upstairs offers a second fireplace, a walk-in closet, and his-and-her sinks for everyday comfort. Two upstairs bedrooms are connected by a Jack-and-Jill bathroom, while another upstairs bedroom offers its own private en suite bathroom. The bonus room and spacious loft provide flexible living areas to fit your needs. Step outside to your private retreat, an entertainer's paradise with a custom-built pool and spa, full-length covered patio, and a nearly half-acre lot completely enclosed by a brick wall for privacy and peace of mind. The 4-car tandem garage provides ample parking and storage. With paid solar, brand new carpet, a spacious layout, and a prime location in one of West Lancaster's most peaceful and sought-after neighborhoods just minutes from top-rated schools and commuter routes this home is a rare opportunity that checks every box. Welcome to paradise!
Source: CLAW #25607097
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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.