1812 Linda Vista Ave Lancaster, CA 93535
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About this home
AMAZING VIEWS!! VIEWS! VIEWS! Nestled in one of Pasadena's most coveted areas, this spectacular Modern Spanish estate is an unbelievably special property masterfully blending modern luxury with old world Spanish charm. Enjoy sweeping views of Golf Course, the Rose Bowl, and the San Gabriel mountains. The beautiful foyer welcomes you with an elegant staircase, stained glass windows, and voluminous high ceilings. Spacious Living Room with Oversized Fireplace and priceless views are framed by stunning original wood beams. Soak in all of the Pasadena sunshine in the Sun Room with original Spanish tiles, Fireplace, and gorgeous arched windows. Modern Kitchen hosts stainless steel appliances and beautiful luxurious finishes. Ground Floor Office is tucked away for privacy with its own elegant design touches. All 5 Bedrooms have En Suite Bathrooms and Walk-In Closets. Primary Suite features custom Wood Wall Paneling, Fireplace, and its own spacious Patio overlooking the views. Master Bathroom feels like a spa getaway with dual sinks, standalone Bathtub, and oversized Shower. From the Master Bathroom, step into the grand Dressing Room with wall to wall custom fitted closet system. On the lower floor, further invigorate the senses with a moody lounge room, wet bar, surround sound system, and wine room. Outside enjoy the Gazebo with automatic weather proof coverings and the flat yard below. Approximately 7,000 sq ft of additional flat land in the back yard, perfect for a tennis court, basketball court , ADU, swimming pool or your other come true. The list goes on and on. Totally Remodeled in 2019, this extraordinary Modern Spanish residence is the perfect marriage of tranquility, thoughtful artistry, and luxury in the heart of Pasadena. Also, available for lease.
Source: CRMLS #GD25129082
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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.
