Extensively upgraded West Chula Vista property featuring a fully remodeled interior, major infrastructure improvements, resort-style amenities, and NO HOA or Mello-Roos. Conveniently located minutes from Interstate 5, Downtown Chula Vista, the Chula Vista Bayfront, and the transformative Gaylord Pacific Resort & Convention Center development. Positioned to capture refreshing coastal breezes, this elevated property offers the perfect balance of accessibility and coastal living. The redesigned kitchen includes custom Italian maple cabinetry, quartz countertops, a large center island, Dacor gas cooktop, oven, warming drawer, microwave, Samsung Bespoke refrigerator, under-cabinet lighting, and Italian porcelain tile flooring. French doors open directly to the outdoor living areas. Interior upgrades include refinished Red Oak hardwood floors throughout, plantation shutters, custom closet organizers in every bedroom, updated lighting, new hardware, modern ceiling fans, and fresh Sherwin-Williams interior and exterior paint. The primary suite features a remodeled bathroom with Italian porcelain tile, custom rain shower, new vanity, and direct patio access. Secondary bedrooms and bath have also been updated. Energy-efficient improvements include paid off & owned solar, multi-zone mini-split HVAC systems throughout, built-in dehumidification, whole-house fan, Bluetooth-controlled attic ventilation fan, and dual-pane vinyl windows. Major infrastructure upgrades include a newly installed engineered roof, upgraded 200-amp electrical panel with dual subpanels, new PEX-A water service line from the meter to the home, centralized Viega ManaBloc plumbing system, whole-house water filtration system, water softener, fire-resistant roof vents, pest-resistant eave vents, and a structural steel I-beam supporting the open-concept living area. The exterior features a wraparound covered veranda designed to maximize ocean breezes, Saltillo tile front patio, brick walkways, engineered drainage system, reinforced concrete perimeter walkways, commercial-grade rebar-reinforced concrete improvements, and sealed structural wood beams. Additional features include a detached workshop/flex space with dedicated plumbing and electrical subpanel, custom 4-person sauna, outdoor hot and cold shower, fitness area, commercial-grade outdoor utility sink, and landscaped grounds with 14 fruit-bearing trees. Parking and storage are exceptional with multiple gated driveways, expanded concrete parking areas, covered pavilion/carport with lighting and electrical outlets and oversized sink area, extra-deep garage, custom built-in cabinetry, workshop area, overhead storage systems, attic storage with pull-down ladder access, and secured perimeter fencing. A rare opportunity to own a property where the visible renovations are matched by extensive investments in roofing, plumbing, electrical, structural engineering, drainage, energy efficiency, and long-term durability, all in one of West Chula Vista's most rapidly evolving coastal locations.
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.
