Welcome to Pine Mountain Club! Discover the beauty and unique appeal of Pine Mountain Club, where this exceptional cabin offers a variety of possibilities—whether you are seeking a full-time residence, a weekend retreat, or a smart short-term rental investment. Distinctive Features and Renovation, Originally constructed from a boxcar, this cabin has been meticulously rebuilt from the ground up. While the original size and shape remain, every inch of the space has been thoughtfully renovated, making it a true diamond in the rough. Despite its modest square footage, the interior feels remarkably spacious, enhanced by hand-carved beams and hand-laid river stone that must be seen to be appreciated. The cabin’s greatest highlight is its breathtaking mountain views. Step outside to enjoy a soak in the expansive jacuzzi, followed by a relaxing glass of wine near the backyard fountain. A storage shed is equipped with everything needed for cultivating your own microgreens, adding to the property’s unique charm. This home includes a reverse osmosis water system for clean, fresh water. The propane tanks are cleverly arranged, avoiding the need for a large, costly tank in the yard. Additionally, there is a spacious two-story workshop that offers endless possibilities: use it as a she shed, man cave, workshop, bunkhouse, or whatever suits your needs. Enjoy the convenience of being a short walk from the town center, which features a heated pool, jacuzzi, two bars, several restaurants, a park with a playground, a general store, a variety of shops, and the local post office. The clubhouse offers a tennis court, a nine-hole golf course, 24-hour security, and road and land maintenance. The recreation room is perfect for socializing, with pool tables, ping pong, foosball, video games, and more. Surrounded by walking, biking, and horse trails, Pine Mountain Club is ideal for outdoor enthusiasts. The property is conveniently located just 35 minutes from the brand-new Hard Rock Casino and only 60 minutes from Los Angeles or Bakersfield.
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.
