7087 Hellman Ave Rancho Cucamonga, CA 91701
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About this home
Recently built home in 2017, This exceptional residence boasts an elegant open concept entry, featuring soaring vaulted ceilings 9 Ft. The expansive kitchen is a chef's dream, equipped with granite countertops, a spacious island, a pantry and appliances. This Home Features An Open & Inviting Floor Plan, Separate living Structure as ADU/office/Gym/Theater room. Enjoy Entertaining in Your Family Room & Dining Area Which Opens to the Spacious Kitchen & patio porch area with wide sliding doors for those BBQ months. This home features 3 spacious Bedrooms and 2 bathrooms, This home comes with a main house and second structure office/Gym/Theater room/ADU (See pictures). This isn’t just a place to live - it’s a place to love in prime neighborhoods of Rancho Cucamonga, The Alta Loma Area. A home that feels like an escape yet stays close to the heart all amazing amenities within 5 mins and restaurants/entertainment. Every inch has been cared for, every detail considered, every space made to feel like home. If you’ve been waiting for something truly special, plus the top rank Alta Loma school districts, this is it. Enjoy the amazing peaceful private large backyard with your patio cover with ceiling fans for those BBQ months. All this plus one of the lowest property taxes (1.01%) neighborhoods of Alta Loma! See virtual Tour Video
Source: CRMLS #CV25193948
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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.