40133 Casillo
Palmdale, CA, 93550
$430,000
Original list price: $450,000
MLS: SR26147902
Beds
3
Baths
2
Sq Ft
1,404
Lot
5.96 ac
Year Built
1998
MLS #
SR26147902
Days on Market
114
Listed
Jul 7, 2026
Description
RARE OPPORTUNITY TO OWN A HOME WITH A POTENTIAL 2.00% INTEREST RATE THROUGH AN ASSUMABLE LOAN! ASK HOW! Why pay today's higher mortgage rates when you may have the opportunity to take advantage of an existing loan with an incredibly low interest rate? Welcome to this beautifully maintained and recently remodeled single-story home in Palmdale, offering 3 spacious bedrooms, 2 bathrooms, and 1,404 sq. ft. of comfortable living space. Step inside to discover fresh interior paint, beautifully updated tile bathrooms, and a bright, inviting floor plan designed for everyday comfort. The home also features central heating and air conditioning, an attached two-car garage, and a spacious backyard with plenty of room for outdoor entertaining, family gatherings, or creating your own private retreat. Conveniently located near shopping, schools, dining, and commuter routes. Whether you're a first-time buyer or looking for your next home, this property offers an exceptional opportunity! THE BIGGEST HIGHLIGHT? A POTENTIAL 2.00% INTEREST RATE THROUGH AN EXISTING LOAN ASSUMPTION! Imagine the potential savings compared to financing at today's market rates. Don't miss this opportunity to own a move-in-ready home with attractive financing possibilities. Schedule your private showing today and ASK HOW YOU MAY QUALIFY!
Location
Palmdale, Los Angeles County, CA 93550
Open on Google Maps ↗Listed by: Nancy Contreras · eXp Realty of Greater Los Angeles, Inc.
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$3,793
/ month (est.)
Principal, interest, taxes, and insurance + PMI + HOA. Down payment: $43,000 · Loan: $387,000
Average 30-yr fixed rate 7.32% as of Oct 22, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $2,658
- Property tax (1.25%)
- $448
- Homeowners insurance
- $300
- Mortgage insurance
- $161
- HOA dues
- $225
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 22, 2026
- 30-year fixed
- 7.32%
- 15-year fixed
- 6.68%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
Palmdale, CA in context
Palmdale fits buyers who want Plant 42 access, west-side foothill streets in 93551, or east-of-the-14 value. The side of town matters more than the city slogan. Anaverde and Rancho Vista share 93551 and do not share the same HOA or tax bill. Central Palmdale is 93550. East Palmdale includes 93552 and 93591. Mike Watson, Keller Williams in Palmdale, DRE #01712313, licensed since 2005, prices those pockets separately. Open the west or east hub first. If Edwards is also in the household, use the two-gate housing guide next to the Plant 42 page. If you are evaluating homes in Palmdale, Mike Watson lives and works the Palmdale market every day. He pairs this listing with a free market analysis for your specific street, an honest read on the financing options that fit (FHA, VA, USDA, CalHFA, conventional, and assumable when the loan supports it), and a side-by-side compare against the rest of the active inventory in the area.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Palmdale home with as little as 3.5% down using an FHA loan — roughly $15,050 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Assumable Loan — Lock In a Below-Market Rate＋
This Palmdale property has an assumable mortgage, meaning a qualified buyer can take over the existing loan at its current interest rate — potentially far below today's market rates. Assumable financing can dramatically reduce your monthly payment and total interest cost over the life of the loan compared to qualifying for a new mortgage at prevailing rates. This is a rare and significant financial advantage; ask your agent for the current loan details.
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Local Market Stats
See Palmdale, CA 93550 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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