This home is a peaceful hillside retreat while still staying connected to the city. Welcome to 449 Skylark Dr. It's a open modern ranch home with a conventional floor plan. For those that love to cook, enjoy entertaining in the kitchen. It has a large center island that is the center focal point to the living room. You'll have two master suites, one at one end and another at the other end of the home. A Jack and Jill bathroom connecting to guest bedrooms and easy access to laundry on both ends of the home. Other special features inside are every bedroom has it's own glass door to view and that exits to the backyard. When you can't wait to jump in the in swimming pool you will be surrounded by the stunning city vistas—creating a backdrop that feels straight out of a postcard. Located in one of San Bernardino’s hillside neighborhoods, this home combines natural beauty with everyday convenience. There is a poolside bathroom with shower to keep the party outside. Once your done swimming or just need a break, stay for a little longer outside and lounge around the gas fire pit and covered patio. Once your done swimming or just need a break, stay for a little longer outside and lounge around the gas fire pit and covered patio. Perfect for evening gatherings, early morning sunrises and keep the party going to the evening sunsets. Your not done yet.... sip on a glass of wine under the stars for a nightcap and watch tv in the built in lift cabinet. Residents love the area for its quiet, established feel, and proximity to outdoor recreation—from hiking trails to local parks—while still being minutes from shopping, dining, and essential services. Just south of Arrowhead Springs, 20min from SBD, 1hr from Big Bear, 25min from Glen Helen Amphitheater. So much to explore in San Bernardino Desert area nearby!
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.
