7519 Man O War St Bakersfield, CA 93307
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About this home
**Charming Modern Ranch Retreat on 2 Acres with Equestrian Potential!** Welcome to your dream home! This stunning 3-bedroom, 2-bathroom ranch-style property is nestled on a sprawling 2-acre lot, offering the perfect blend of modern living and country charm. As you step inside, you'll be greeted by an open and airy floor plan that seamlessly connects the living spaces, making it ideal for both relaxation and entertaining. The heart of this home features a kitchen equipped with sleek countertops and ample cabinetryperfect for culinary enthusiasts. The spacious living area is great for entertaining family and friends. Step outside to discover your own slice of paradise! The property is thoughtfully designed for animal lovers with horse stalls already in place and zoning that allows for various animalsan equestrian's dream come true. Whether you're looking to ride through scenic trails or simply enjoy the tranquility of nature, this lot provides endless possibilities. Conveniently located near shopping center and schools, youll appreciate quick freeway access that makes commuting a breeze while still enjoying the peace and privacy of rural living. This unique combination ensures you never have to sacrifice convenience for serenity.Dont miss out on this rare opportunity to own a modern ranch retreat where comfort meets functionality! Schedule your private tour today and envision the lifestyle awaiting you in this remarkable home.**Act fastproperties like this dont last long! Contact us now to make your dreams a reality!**
Source: SANDIEGO #SR25140444
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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.