885 Latitude Rd Banning, CA 92220
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About this home
Welcome to 885 Latitude. This stunning, modern 2-story is situated within the community of Atwell Homes. Located on a prime lot, backing up to the neighborhood's sparkling pool and park; allowing privacy without any neighbors behind the property. This home features luxury vinyl plank flooring throughout which lends to an on-trend appearance. For those who love to cook, the kitchen is impressive with granite counters, upgraded dark wood contemporary cabinetry with glass inlay, and stainless appliances. This space opens to the adjoining dining area and family room, leaving a very open-concept impression of the floor plan. All bedrooms are located upstairs, feature wall-to-wall carpet, and are quite sizable. The primary suite has tons of natural light and a higher ceiling. The attached bathroom also features dual sinks with quartz counters, a shower/bath area, and an oversized, walk-in closet. There are two additional bedrooms on this floor and both have carpet and also benefit from natural light and space. Another bathroom is shared in the hallway and it also has a shower/tub combination as well as a sink vanity and large decorative mirror. At the end of the hallway and for the homeowner's convenience is the laundry room with wall shelving and gas hookups equipped to accommodate a large, side-by-side washer and dryer setup. The front yard exhibits impressive curb appeal with beautiful, drought-friendly, low-maintenance turf and landscaping and frontal views of the hills. The backyard boasts a stamped concrete patio with privacy fencing and landscaping. Ideal for entertaining or just simply enjoying the summer sunsets. Energy efficient features include paid-for solar, dual pane energy efficient windows, and an electric car charging station in the garage. The community features walking trails, parks, children’s playgrounds, and a community pool. This property is located in a growing, energetic community truly showcasing the pride of ownership. It will not last long. Call today to schedule your showing.
Source: CRMLS #IV25138175
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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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