Gorgeous private 5-bedroom, 3-bath home located in the highly sought-after gated community of Rancho San Pasqual. This unique and versatile floor plan features 2 bedrooms on the main level with a full bath, formal dining room, living room, and spacious family room—perfect for multi-generational living or guests. Upstairs offers 3 additional bedrooms, including a luxurious primary suite with a large walk-in closet, plus a convenient laundry room and a loft area—ideal for work or study. Situated on a premium corner lot within a quiet cul-de-sac, this home offers exceptional privacy with neighbors on only one side. Enjoy stunning valley views from the backyard, kitchen, and all three upstairs bedrooms. Recent upgrades include new garage door motors for added convenience and peace of mind. The yard has been cleared of trees and shrubs, offering a blank canvas to design your dream outdoor space and customize the home to your personal taste. Rancho San Pasqual is ideally located just minutes from shopping, freeways, wineries, and local attractions. Residents enjoy access to resort-style amenities including a community pool, Olympic-size pool, basketball court, fire pit, and playground. The community is set along a beautifully updated golf course and nestled in the scenic foothills of Palomar Mountain. Families benefit from the highly regarded San Pasqual Union School District (Pre-K through 8th grade).Additional highlights include low HOA fees and no Mello-Roos. This hidden gem offers a perfect blend of privacy, views,convenience. List of upgrades in the remarks. Upgrades: 1- Brand new AC Unit and heat furnace within the last year 2-New Kitchen sink faucet 3-New bathroom faucet downstairs bathroom 4-All toilets have been replaced within the last two years 5-Brand new floors with baseboards throughout the house.
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.
