Arguably one the of the best, unobstructed panoramic LAKEVIEWS in all Lake Arrowhead!! Truly a special opportunity to acquire a piece of property which is located in a unique setting boasting unparalleled views of the majority of Lake Arrowhead and Eastern ridgeline. Well maintained and first time on market since 1993. Located on a very low traffic road, this setting is perfect for kids or grandkids to play out front without the worry of cars passing by. Full lake rights and conveniently located less than 10 mins to Blue Jay, Grass Valley Park and County Club, this 3,365 sq ft 4 bedroom/2.5 bathroom offers a spacious open floorplan perfect for family gatherings. Upon level entry from the garage, feel the weight lifted off your shoulders when you see the incredible view through large living room sliding doors. High quality solid wood flooring and finish carpentry wainscoting throughout the entry level. A remodeled kitchen is a chefs dream offering a high end Thermador range/hood, 2 ovens and microwave. Stainless double door Kitchen Aid fridge and Bosch dishwasher. Granite counter tops, custom tiled backsplash and 3 stool breakfast bar complete the kitchen. Upper level(over the garage) offers a 20’x32’ billiards room equipped with a full wet bar and card table loft area overlooking the dining room below. The vaulted ceiling living room leads directly onto a 35 ft wide Trex deck perfect for morning coffee sunrises and evening BBQs. Downstairs hosts a primary en suite bedroom with cozy stone wood burning fireplace and double closets. Pamper yourself in the attached bathroom with oversized soaking tub, walk in shower, and double sink vanity with granite counter top. 3 spacious guest bedrooms, remodeled full bathroom, and full size laundry room complete the lower level. Relax in comfort with forced heating and A/C on all levels. There’s more! Lowest level unfinished basement can be converted into a full guest apartment, gym or home office if desired. What makes this property so special is it receives just the right amount of natural light while nestled in a evergreen tree forest. Plenty of sunlight in the morning and afternoon and just the right amount of shade in the evenings when relaxing on the rear deck. If you are a discerning lakeview buyer that has been patiently waiting for the right property, it has arrived! Shown by appointment only.
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.
