Motivated Sellers, bring us your offer! Nestled within the gated community of Lake Vista Estates, this custom view estate offers the perfect blend of privacy, functionality, and indoor-outdoor living in the heart of Bonsall. Overlooking the San Luis Rey Valley and the renowned San Luis Rey Downs Training Center, the property enjoys panoramic valley and mountain views from nearly every room. This home is upgraded and truly meticulously maintained. Designed with today's lifestyle in mind, the flexible floor plan features 4 spacious ensuite bedrooms, all located on one side of the home, creating an ideal layout. A separate office with elevated views provides a dedicated work-from-home space. Soaring ceilings, exposed beams, and European White Oak hardwood floors add warmth and character throughout. The expansive family room is designed for gathering and entertaining, with built-ins, a fireplace, and walls of windows that maximize the views. The chef's kitchen features a large island, custom cabinetry, walk-in pantry, breakfast nook, Miele induction range, Sub-Zero refrigerator drawers, and premium appliances. The primary suite offers direct access to the backyard and includes dual walk-in closets, an imported Italian marble fireplace, heated bathroom floors, soaking tub, and steam shower. Outdoor living is equally impressive. The resort-style backyard features a pool resurfaced in 2024 with a stone waterfall, glass fencing, built-in BBQ with bar seating, expansive patios, rose garden, and stunning sunset views, creating the ultimate setting for year-round entertaining. Additional features include a 3-car garage with storage, EV charging station, two instant hot water heaters, drought-tolerant landscaping, and custom architectural details throughout. Located near highly rated Bonsall schools, including walking proximity to Bonsall Elementary, and just minutes from golf, wineries, hiking trails, and coastal beaches, this property also offers a unique setting for equestrian enthusiasts with views overlooking one of Southern California's premier horse training facilities. A rare opportunity to enjoy gated estate living, breathtaking views, and the relaxed lifestyle that makes Bonsall one of North San Diego County's most sought-after communities.
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.
