New & Solar Powered! Family Home. Welcome to this stunning Lennard built gem in the heart of Southwest Bakersfield! This immaculate residence perfectly blends modern Smart home features efficiency with stylish comfort. From the moment you arrive, the manicured curb appeal and striking architecture set the stage for what's inside. Boasting an open-concept floor plan drenched in natural light, this home features a gourmet kitchen island that flows effortlessly into the spacious great room-ideal for entertaining. Large walk-in pantry and breakfast bar. Best of all, enjoy significantly lower utility bills thanks to the fully owned solar system. Move-in ready and waiting for its next chapter. come see why this Samuelson St beauty won't last long! This meticulously maintained property offers a sophisticated lifestyle featuring contemporary finishes, neutral tones, and a versatile layout designed for the modern buyer. The heart of the home is the expansive kitchen, complete with premium cabinetry and ample counter space. Retreat to the primary suite for ultimate relaxation, or host summer gatherings in the private, landscaped backyard. With energy-efficient solar and a prime location near top-rated schools and shopping, this home represents the pinnacle of Bakersfield living Huge back yard, room for a pool and more. Close to Sports Village Stadium, and family friendly restaurants. Adjacent to the Mountain Gate, Fox Meadow. Stone Creek. Stine Road and Harris Road corridors Pinnacle plan from the Lennar Chateau Series. Updated and Turnkey.
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.
