Luxury West Palmdale Home For Sale in the newest gated community of Saddlewood Joshua Ranch constructed in 2020. No need to spend extra money compared to buying new from the builder take advantage of this home fully completed exterior landscaping. Featuring one of the largest models, the Plan 3 Elevation A with 3,186 sq.ft. 18 Solar Panels OWNED (not leased and no monthly payments) plus electric vehicle EV ready outlet in the garage. Other features include Quartz countertops, Luxury Vinyl Planks, and a Whole House Fan. The Downstairs includes 1 bedroom and 1 full bathroom, in addition to a powder or half bathroom downstairs for visitors. Open concept Kitchen to Dining area to Family room, you’ll be able to entertain all your guests in one large area without missing a beat. Adjacent to the Kitchen is a dry bar or butlers bar, and a walk-in Pantry, and ending with the Formal Living room facing the front of the house which creates the perfect room for decorating the tree for the Holidays! Upstairs includes 2 guest bedrooms, 1 full bathroom for the guest bedrooms, and a Loft that is conveniently adjacent to the guest bedrooms which creates the perfect upstairs Living or entertainment room. The Primary Suite upstairs is spacious to include a King set, office space, a walk-in closet, a walk-in shower, a soaking tub, a private toilet room, and a dual-sink vanity. With no rear neighbor, the Primary bedroom has gorgeous views of the backyard. Conveniently located upstairs is a Laundry Room with cabinetry and rough plumbing ready for a future sink. The 3 car garage side-by-side is wide and long and high ceilings ready for installing additional storage racks. The driveway can potentially fit another 6 vehicles depending on size, you might be able to park up to 9 vehicles parked within your property line (buyer to verify). Both front and backyard are landscaped and hardscaped with drought resistant plants, rocks, turf, retaining wall, a fire pit, and a concrete slab for a Basketball hoop. Adjacent to the Kitchen is the outdoor covered patio or “California Room” finished with stucco, electrical, and plumbing fixtures. The HVAC includes 2 AC condensers, one for downstairs and one for upstairs. Welcome Home to Saddlewood Joshua Ranch, West Palmdale.
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.
