804 Tribune St Redlands, CA 92374
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About this home
BETTER THAN EVER! Gorgeous single story move-in ready home that has been thoughtfully updated inside and out! Now featuring a BRAND NEW ROOF and attic re-insullation in progress! Upgraded double-pane windows, offering both comfort and energy efficiency. The brand-new entry door welcomes you into a bright and stylish interior with new flooring throughout, remodeled bathrooms, and a modern kitchen with updated cabinets. The office includes a closet and may be used as a 3rd bedroom. The home also includes a solar ready newly updated electrical panel, an Level 2 Tesla EV charger, a brand-new water heater, and a central A/C and heating unit installed just 2 years ago, giving you peace of mind with major upgrades already complete. Outside, enjoy a beautifully landscaped yard with timed sprinkler and drip irrigation systems, keeping the grass and trees green year-round with minimal effort. Two mature fruit trees one lemon and one orange Provide fresh fruit right from your yard. For added privacy and outdoor enjoyment, a newly built wooden fence encloses a concrete slab patio area,perfect for family barbecues, outdoor dining, or simply relaxing together. RV potential. This corner-lot home is also ideally located just a short walk to Downtown Redlands and the University of Redlands. Blending modern convenience with charming outdoor living, this home is the perfect place for you and your family to settle in and enjoy for years to come.
Source: CRMLS #IV25222830
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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.