Welcome Home to 35685 Sleepy Hollow Lane in Yucaipa's Desirable North Bench! Imagine coming home to this gorgeously-upgraded modern farmhouse-style, single-story, 4-bed, 3-bath, pool/spa home with gated RV parking (w/hook-ups), a chicken coop (chickens included!), and space to relax and recharge on this half-acre lot EVERY DAY! Over the past few years, the owners have added the heated pool & spa & so much more! First, you'll fall in love the absolutely amazing kitchen which has a "chef's table" style island with bar seating for eight & cabinets on both sides, granite countertops, full tile backsplash, stainless steel appliances (TWO dishwashers, professional-style range w/pot filler, refrigerator, microwave, & beverage fridge), custom lighting, two-tone cabinetry (with pot & pan drawers w/lid storage, pull-outs, spice rack, & pop-up outlets w/phone chargers), & a walk-in pantry. Next, you'll be delighted by the custom built-in wall unit with heated fireplace insert, mantel, & shelving in the living room. Then, you won't want to leave the main bedroom suite with another custom wall unit with a heated fireplace insert accompanied by a lighted headboard & a brick accent wall to create a private retreat under the cathedral ceilings with a barn door leading to your very own spa-like bathroom which boasts a double-door entry to the glass-enclosed wet room with a soaking tub under the window between dual shower walls (each has its own rainfall shower head, shower wand, body jets, & recessed niches for essentials & shaving) plus a dual sink vanity & a walk-in closet w/organizers. Across the hall, you'll find "Jack & Jill" style bedrooms with barn doors to access the bath between them. The 4th bedroom is next to the 3rd bath in a separate hall near the kitchen - perfect for guests or multi-generational living. An expansive family room/game room with a cozy brick fireplace & more cathedral ceilings offers French door access to the patio & fabulous backyard which includes lush green lawn with a swing set & vinyl fencing for privacy. The pool/spa area offers a water slide, jumping rock, lighted gazebo, fireplace, lawn, & shed. The 3-car garage w/2 car chargers & a small office is accessed via an automatic gate with extra parking for RVs & toys. The chicken & dog runs have access to heated areas in the large shed. New multi-zone AC in 2024. Leased solar keeps costs low. Too many features to list them all, so view the photos/tours, call your agent, then make it yours!
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.
