Otay Ranch Beauty with Storybook Curb Appeal & Stunning Views Welcome to one of Otay Ranch’s most desirable homes, where exceptional curb appeal sets the tone from the moment you arrive. Gorgeous, manicured landscaping, a charming white picket fence, and an inviting front veranda create a picture-perfect first impression and the ideal space to relax and enjoy the outdoors. Cul-de-sac location; no neighbors behind; green belt. This beautifully maintained 4-bedroom, 2.5-bath residence offers both elegance and comfort in a prime location close to everything. Step inside to gleaming floors throughout (no carpet!) and a thoughtfully designed layout featuring a formal living room and dining room perfect for entertaining. The upgraded kitchen shines with modern finishes, a cozy dinette area, and French doors that open to the impeccably landscaped backyard — seamlessly blending indoor and outdoor living. The backyard is a true retreat, complete with breathtaking views, lush landscaping, and low-maintenance turf. Enjoy peaceful mornings with coffee on the patio, and unwind in the evenings as you take in spectacular sunsets. The spacious family room with a fireplace creates a warm, inviting atmosphere—perfect for gathering and relaxing. Upstairs, the stunning primary suite offers a private balcony with sweeping views — your own serene escape. The suite is thoughtfully arranged and includes space ideal for a home office setup. A convenient upstairs laundry room adds everyday ease. All appliances convey, making this home truly move-in ready. With gleaming floors, incredible views, and undeniable charm — this home truly has it all. PAID OFF SOLAR, low Mello Roos, low HOA. Close to all: schools, parks, shopping, restaurants, and easy access to the freeway. Submit your BEST OFFER INCREDIBLE PPTY move-in ready!!!
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.
