Welcome to this stunning turnkey residence nestled within the highly sought-after Iris Gardens community of Yucaipa. This is the largest model available offering 4 spacious bedrooms, 3.5 bathrooms, and an exceptional floor plan designed for comfortable living and effortless entertaining, this beautiful home is ready to impress from the moment you arrive. You can spend your days enjoying the community POOL and park instead of working on your yard since the HOA maintains the front, and back yard is synthetic turf! This is the Summer you make memories instead of Home Depot runs! Step inside to an inviting formal sitting room where soaring ceilings and abundant natural light create a warm first impression. Continue into the heart of the home, where the open-concept living room features a cozy fireplace and flows seamlessly into the formal dining area. The expansive kitchen is a chef's dream, boasting a large center island, pristine countertops, ample cabinetry, and upgraded appliances. A conveniently located half bathroom downstairs provides easy access for guests. Upstairs, a spacious loft creates the perfect third living area and can easily serve as a home office, media room, playroom, or bonus space. The luxurious primary suite is a true retreat, featuring a private balcony where you can relax and take in breathtaking mountain views. The spa-inspired ensuite bathroom offers a soaking tub, walk-in shower, dual vanities, and an oversized walk-in closet. Three additional generously sized bedrooms and two full bathrooms provide ample space for family members and guests alike. The upstairs laundry room is conveniently situated near all bedrooms and includes additional linen storage. Step outside to enjoy the thoughtfully designed backyard, complete with a covered patio and synthetic grass, creating a low-maintenance and water-efficient outdoor space perfect for relaxing or entertaining year-round. The pristine front yard is maintained by the HOA, allowing for easy living and exceptional curb appeal. Residents of Iris Gardens enjoy access to outstanding community amenities, including a sparkling pool and spa, fitness center, playground, and beautifully maintained common areas. Surrounded by the peaceful hills of Yucaipa, this private community offers the perfect blend of tranquility, convenience, and resort-style living. Don't miss this opportunity to own a remarkable home in one of Yucaipa's most desirable neighborhoods.
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.
