61186 Sespe St Landers, CA 92285
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About this home
Beautufully remodeled 2 homes on 5 acres in trendy Landers, California! Property includes a 2b 2ba manufactured home plus an approximately 600 sq ft 1b 1ba cabin. 5 large acres with privacy and views for miles with large mature trees. Live in one and rent out the other. Enjoy starry nights and peaceful country living. On the Joshua Tree side of Landers, this is very close to Joshua Tree and shorter drive time to the Village and the Park than some north Joshua Tree homes. Close to Johnson Valley off road park for off road adventures. This area offers great opportunities for having a getaway ranch, vacation rental and or private residence. Joshua Tree National Monument is about 17 miles away where annually about 3 million tourists visit the park. Views of Goat Mtn, Mt. Hidalgo, and vistas of amazing sunsets that illuminate the Bullion Mtns to the east. Close to many patches of government land to hike and ride horses. All amenities are a short drive to Yucca Valley. 60 miles to skiing and fishing in Bear Bear Lake. 46 miles to golf and nightlife in Palm Springs. 140 miles to downtown Los Angeles. Square footage is approximate. Priced to Sell! Don't miss this one - Call Now!
Source: CRMLS #219137558PS
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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.
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