42344 Camden Way Lancaster, CA 93536
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About this home
Beautifully maintained single-story home located in one of West Lancaster's most desirable neighborhoods. With its bright, airy open floor plan, this home blends comfort and elegance. The spacious living room and formal dining area set the stage for memorable gatherings, while the open-concept family room flows seamlessly into a well-appointed kitchen featuring abundant cabinetry, a charming breakfast nook, and generous counter space—perfect for any cooking enthusiast. The primary suite offers a serene retreat with a walk-in closet and a spa-inspired en-suite showcasing a soaking tub, separate shower, and dual vanities. Additional bedrooms are generously sized to accommodate family or guests, complemented by a dedicated den/office for work or hobbies. Step outside to your private backyard oasis with a large covered patio, ideal for outside dining and entertaining. The expansive 3-car garage delivers exceptional storage, complete with full attic access for added convenience. The seller is offering all furniture to convey with the sale (excluding televisions), making this an incredible turnkey opportunity and a great incentive for your buyer. Enjoy a seamless transition into your new home with style and comfort already in place. This is your chance to own a gem in a highly sought-after West Lancaster community—schedule your private tour today!
Source: CRMLS #SR25181229
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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.