525 Angeles Blvd Big Bear City, CA 92314
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About this home
Partial FHA is assumable at 3.75%. GREAT BUY during uncertain times. Perfect getaway or full-time residence away from the desert heat.Family neighborhood. 12 minutes from ski resorts and lake! 15 minutes from Village.Gorgeous floor to ceiling stone fireplace welcomes anyone to this open floor plan. Large kitchen with a knotty pine ceiling and knotty pine half walls overlook the great room with bar seating for 6 six or more. Plenty of cabinets in the kitchen and more line the hallway. Stainless LG appliances, gas range. Spacious bedrooms. Master with knotty pine arched ceiling and partial walls. Barn style door opens to a walk-in closet. Additional 2 door closet in master. Enter from bedroom to a spacious double-sink bathroom.Every room offers a designer ceiling fan. Entire home has been custom painted with easy to clean satin finishes. Epoxy garage floor with finished walls and ceiling. Ladder to a finished attic that extends the entire length of garage. Great for storing holiday decor, files, off- season clothing and more. Lighting, shelves and carpet in attic.Wall mounted TVs in two bedrooms and a large movable TV in great room.Interior laundry room with LG appliances. Mature pine and maple trees surround the freshly stained log exterior. Back and front patios for enjoying morning coffee and watching birds and squirrels. Four seasons make a year into an experience with blooming flowers and trees in the spring, warm summer breezes and lake fun, colored leaves in the autumn, and snow-covered mountains in the winter. The village is always decorated per the season. There is simply no place like home when making this log cabin yours.
Source: CRMLS #219134947DA
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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.