50622 Critter Creek Ln Oakhurst, CA 93644
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About this home
If you are searching for a little seclusion, this home will give you that feeling whether you are relaxing inside or out on your back deck taking in nature, or just working around your yard. Unbelievable peaceful setting, all while being relatively close to town, Bass Lake and Yosemite Nation Park and near the end of the road, makes the seclusion so much more delightful. Once inside, you will notice the brightness from the many windows and the open space of the living room that easily blends with the dining room. Once you pass the spacious kitchen, you will be amazed to find the large family/den area that you can just use your imagination of what you would like to do with this room, and all while having an attached bathroom and exit doors for ease of entry. Beyond the garage, there is more space that can be used as a music studio, arts and crafts room or another bedroom with a large walk-in closet for that older child or guests. There is plenty of room for storage under the house with high ceilings to place your kayaks, bikes and/or toys. Come and see for your self! Enjoy the front patio area views or the back deck overlooking the lovely property!
Source: SANDIEGO #FR25214203
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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.