Welcome to this beautifully maintained 3-bedroom, 2-bathroom home nestled in one of Redlands’ most desirable and family-friendly neighborhoods. Offering 1,318 square feet of thoughtfully designed living space, this charming residence perfectly blends warmth, comfort, and modern touches that truly make it feel like home. From the moment you arrive, you’ll notice the vibrant exterior paint. A two-car garage and a very large front yard ready for family fun days. As you step inside to discover high ceilings, abundant natural light, brand new interior paint, and brand-new carpet that gives the home a fresh, airy, move-in-ready feel you will be captivated by its charm. The spacious living area is highlighted by a cozy fireplace, creating the perfect gathering space for relaxing mornings, entertaining guests, and family fun nights. The kitchen and dining areas feature rustic yet modern fixtures and charming accent touches that add character and style throughout the home. One of the standout features of this property is the beautiful sunroom located at the back of the home. Which adds additional space to the property making it ideal for morning coffee, a playroom, workout room, office, or simply enjoying the natural light pouring in throughout the day. Situated on a spacious lot with plenty of yard space, and room for ADU. This property offers room to entertain, garden, or create your dream outdoor retreat with plenty of room to spare. Located in the heart of Redlands, CA, this home is positioned in an amazing neighborhood within walking distance to Crafton Elementary School, Redlands East Valley High School, local grocery stores, parks, and scenic walking paths. Offering both convenience and community all rolled into one property. This is a MUST-SEE property that combines comfort, charm, location, and lifestyle all in one incredible opportunity and to top it all off. Seller is willing to offer up to ten thousand in buyer concessions towards closing cost assistance, rate buydown, or upgrades to the property. Don’t miss out on this great opportunity.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
