3 Bed 2 Bath 2100 SQ FT Country Charmer Situated In A Park Like Setting Surrounded By Mature Oaks On A Quiet Cul-de-Sac. This Home Boasts A Paid For Solar System, Newer Dual Pane Windows, City Water For The Home & Well Water For The Lush Landscaping, Large Living Room With A Cozy Fireplace, Plantation Shutters, A Great Backyard for Family Entertaining. Close To Schools, Parks, Community Pool, Golf And Much More. Hurry Before This Is Gone..... Welcome to your family's perfect getaway at 16120 Poderio Court, Ramona, CA. Nestled in a peaceful cul-de-sac, this charming home offers an idyllic setting for family life, surrounded by the beauty of nature and a welcoming community. This spacious home features an open layout that makes family gatherings and daily routines a breeze. The large living room, complete with a cozy fireplace, is ideal for chilly evenings spent together, while the kitchen provides ample space for cooking up family favorites. Outside, the backyard is a true haven for family fun and relaxation. With plenty of room for outdoor activities, you'll have endless opportunities to create lasting memories with your loved ones. Your family will love the community amenities available, including a communal pool for summer splashes, pickle ball & tennis courts, and playgrounds that offer endless playtime. The nearby horse trails and hiking paths provide the perfect backdrop for family outings and explorations. This home is not only family-friendly but also environmentally conscious, featuring a solar system and access to both city and well water to support your home efficiently. Don't miss the chance to bring your family to this country charmer, where you can enjoy the best of both worlds—peaceful country living with access to all the amenities you need. Make 16120 Poderio Court your family's new haven and start creating unforgettable memories today!
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.
