Welcome to 'Hollywood North' -- Santa Clarita. Home to many film industry families, sound stages and filming locations. A family-oriented community with many miles of hiking trails, great local parks, and easy access to Old Town Newhall, The Valencia Town Center & Six Flags Magic Mountain! Known for being a quiet alternative to city life and for its high-quality schools and well planned communities.This lovely home is situated a few blocks above Copper Hill Drive, featuring wide streets and well-kept homes. Both Christmas & Halloween are well celebrated in this area. You can enjoy extraordinary Christmas lights on Wakefield Court (about one mile from this house) and elaborate Halloween decorations in many nearby areas.Beautiful palms and Bird of Paradise plants surrounding this home offer curb appeal galore. Stepping into the foyer you see the high ceilings, wide open spaces and a sweeping curved staircase. To the right is a welcoming living room & an extra-large formal dining room, both offering fantastic panoramic views of the eastern foothills, the backyard, the patio, and the pool. Also off the foyer is the main level bedroom and 3/4 bath - ideal for guests or those with mobility challenges. On your way to the great room, you pass the Bistro Bar area, which has the ambiance to make all your parties extra special. The great room incorporates a huge family room, an eat-in area, an island with a breakfast bar and a large kitchen . A sliding door leads to the covered patio and pool area. This main level is perfect for pretty much any size entertaining year round!Upstairs there are two loft areas. The larger one would be a great candidate for your home gym, home theatre, or a large home office. The primary suite is just huge! And it has sublime views and sun rises to brag about. Three more generously sized bedrooms and one more bathroom complete the upper level.The 3-car garage is a wonderful bonus and offers endless possibilities besides parking 3 cars!Title shows 3,295 sq ft of living space. Matterport measured the house at approximately 3,366 sq ft Buyers to verify sq ft of house and lot to their own satisfaction.This extended family has loved living here for 10 years and now they are off to their next adventures all over the US. Come see if this might be YOUR next home.No blind offers please.Call Linda for a private showing.
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.
