6294 E Moscato Dr Fresno, CA 93727
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About this home
Amazing property with a 5.1 % assumable loan. Welcome home to this better-than-new residence in a desirable gated community within the award-winning Clovis Unified School District. Built in 2023, this stylish 3-bedroom, 2.5-bath home offers modern living with thoughtful upgrades and a low-maintenance lifestyle. Step inside to find beautiful tile plank flooring, a farmhouse sink, and quartz countertops that elevate the open-concept kitchen and living spaces. The seller has added high-quality upgrades including custom honeycomb light-filter/blackout dual shades in the primary suite for perfect light control and energy efficiency, as well as ceiling fans throughout, featuring an eye-catching Aritka Austin Fandelier in the living room. Enjoy the convenience of a low-maintenance backyard enhanced with mulch for pet-friendly use and grass landscaping that provides a functional and inviting outdoor retreat. Enjoy the sparkling community pool during the long summer days. Located near Fancher Creek Shopping Center, this home offers easy access to dining, entertainment, and outdoor recreation, plus quick access to Fresno Yosemite International Airport, making it ideal for both everyday living and travel. Experience modern comfort, style, and convenience all in one move-in-ready package.
Source: CRMLS #FR25250954
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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.