Welcome to 1570 S Santa Fe Avenue, Vista, a charming single-story home tucked away at the end of a quiet cul-de-sac. This inviting property offers 3 bedrooms, 2 full bathrooms, an attached sunroom, and 1,746 square feet of living space, all situated on an expansive 29,000+ square foot lot! From the moment you arrive, the attractive curb appeal stands out, enhanced by greenery and garden accents. Inside, an open floor plan seamlessly connects the kitchen, dining area, and family room, creating a warm and welcoming space anchored by a cozy fireplace perfect for both everyday living and entertaining. The spacious primary suite offers ample closet space and an en-suite bathroom with dual sinks. Two additional well-sized bedrooms provide flexibility for family, guests, or a home office. The open living areas and sunroom capture beautiful views of the surrounding hills and backyard, filling the home with natural light and scenic charm. Designed for comfort and possibility, the private backyard is a true blank canvas. With mountain views and sparkling city lights, you can envision a pool, workshop, or outbuildings for car enthusiasts, or even an ADU for multi-generational living or rental income. The possibilities are endless. Additional highlights include an all-electric design (no gas) and numerous upgrades throughout, including windows, roof, flooring, fencing, and central A/C and heating. The attached two-car garage and spacious driveway provide ample parking. The common driveway was paved approximately 4 years ago. Conveniently located near Cal State San Marcos, beaches, schools, shopping, dining, the Sprinter Hybrid Rail, and major freeways, this property combines privacy, space, and opportunity in one exceptional package!
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.
