Brand New Kitchen Just Completed March 16th! Was on market but not shown until completed; hence DOM. NEW COUNTERTOPS, NEW CABINETS, NEW FLOORS, NEW PAINT. ALL NEW HARDWARE, SOFT CLOSING CABINETS, BRAND NEW FARMHOUSE SINK, NEWLY GLAZED LARGE TUB, NEWER APPLIANCES. NEWER WASHER AND DRYER. ZEN VIEWS everywhere. Please SUBMIT OFFERS!!! Beautiful TWO Bedroom TWO Bathroom GATED community POOLSIDE Condo in the prestigious Cabo Del Mar community near our wonderful BEACHES known as "SURF CITY USA" VIEWS AND AMAZING LOCATION IN THE COMMUNITY SURROUNDED BY GREEN... Enjoy your mornings and evenings outside on your "HUGE Private Balcony" with TWO Storage UNITS on the balcony which overlooks the swimming POOL and walking trails. This location backs up to the Bolsa Chica wetlands with beautiful hiking trails and nature. This well lit home is situated towards the rear of the complex amongst ROLLING GREEN BELTS which brings in plenty of sunlight, privacy, and beautiful lush green views. Entering the home, you will feel completely relaxed with the soft neutral interior colors. Newer light grey vinyl flooring, high ceilings, abundant windows, cozy living room with fireplace, and REMODELED kitchen with quartz countertops, and stainless-steel appliances. Living room/Dining area has a large sliding glass door leading out to an EXTRA LARGE BALCONY/patio, perfect for entertaining, dining al-fresco or just relaxing. LARGE MASTER SUITE with generous closet space, and large sliding glass door giving access to the extra-large patio. En-Suite Master bath has newer vanity, quartz countertop, dual sinks and oversized Roman-style tub. Spacious 2nd bedroom boasts a large picture window. 2nd bathroom has a tub/shower, and newer vanity with a quartz countertop. Other amenities: Newer stackable washer, dryer and refrigerator. Community offers large pool, Spa, clubhouse, sauna, and tennis & racquet ball courts. Feels like you're on vacation all year long! This home has a light and airy feel and is in a wonderful location! With LOW HOA dues of $667. FHA APPROVED. BUYER TO VERIFY ALL INFO, DUES, SF.
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.
