40204 Valley Of The Falls
Forest Falls, CA, 92339
$365,000
MLS: IG26036540
Beds
3
Baths
2
Sq Ft
1,374
Lot
0.22 ac
Year Built
1928
MLS #
IG26036540
Days on Market
55
Listed
Feb 25, 2026
Description
Picture your mornings here—sunlight pouring into the kitchen, coffee in hand, with peaceful mountain views just beyond your window. This is more than a home… it’s where your next chapter begins. Mountain Living in Forest Falls USDA Eligible with Potential $0 Down Financing (terms apply) Rare single-story cabin-style home in Forest Falls offering the perfect blend of rustic mountain charm and everyday convenience. This 3-bedroom, 2-bath home features a spacious, floor plan and a stunning mansard-style living room with rich knotty pine accents, creating the warm, authentic mountain ambiance buyers dream about. The country kitchen offers generous space for entertaining, holiday gatherings, and everyday living. Recent improvements include a newer roof, new DuPont pet-proof carpet, waterproof luxury vinyl flooring, and central heating for year-round comfort. The home is offered partially furnished, adding immediate move-in ease and value. Additional highlights include abundant under-home storage, a new detached oversized carport, and a brand-new oversized storage shed, ideal for tools, outdoor gear, workshop needs, or hobby space. Step outside into a peaceful backyard retreat framed by a magnificent stand of approximately 400-year-old trees, creating rare privacy, shade, and a truly serene natural setting that captures the essence of Forest Falls living. The low HOA includes water, trash, seasonal snow removal, and common area maintenance, making mountain living simple, affordable, and low stress. Don't like mountain roads? Too curvy with cliffs? This commute is perfect, pretty much straight up the mountain. Located just minutes from Redlands with convenient access to I-10, this home offers the perfect balance of peaceful mountain lifestyle and commuter-friendly convenience. USDA eligible with potential 0% down financing (buyer to verify loan terms and qualification). Some pictures are virtually staged.
Location
Forest Falls, San Bernardino County, CA 92339
Open on Google Maps ↗Listed by: DEBORAH JACOBS · MATRIX ESTATE GROUP
Payment estimate
$2,835
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $36,500 · Loan: $328,500
- Principal & Interest
- $2,018
- Property tax (1.25%)
- $380
- Homeowners insurance
- $300
- Mortgage insurance
- $137
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 Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Forest Falls home with as little as 3.5% down using an FHA loan — roughly $12,775 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.
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Local Market Stats
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