OPEN HOUSE THIS WEEKEND: 5/2 & 5/3 11AM-3PM Welcome to this beautifully upgraded LAND OWNED, ALL AGES mobile home on a permanent foundation in San Marcos, CA — no space rent! $167 HOA. Financing options may be available including VA, FHA, and conventional- contact your lender for details. Step inside and discover a thoughtfully designed layout featuring a bonus office/room and a light-filled sunroom perfect for morning coffee or an afternoon retreat. With 4 bedrooms and 3 full baths, there's room for everyone to spread out and live comfortably — all in a move-in ready home in the heart of North County San Diego. The outdoor space is a pleasant surprise — enjoy a charming variety of fruit trees and plants including avocado, apple, nectarine, grapefruit, pomegranate, guava, nopal, hibiscus, and lemongrass, plus a small gardening area, all on a low-maintenance lot. Boasting the largest driveway in the community with room for up to 8 vehicles, parking will never be a concern again. Tucked away in one of the quietest corners of this welcoming all-ages community, this home enjoys minimal foot traffic and a peaceful, private feel — while still being just a short stroll from the clubhouse, sparkling pool, and park area, all included with a low $167 month HOA. The location is second to none. Enjoy sweeping views of California State University San Marcos (CSUSM) right from home and step across the street to a lovely neighborhood park complete with a gazebo. You're also moments from North City, San Marcos' vibrant master-planned district featuring top-rated dining, a weekly farmers market with live music every Tuesday, and live entertainment on Friday and Saturday evenings. Palomar College is nearby, and with San Marcos earning its nickname "San Parkos" for its extensive trail and park system, outdoor adventure is always within reach. For family fun, Legoland California is just 9 miles away — about a 13-minute drive. Whether you're a family, professional, or CSUSM faculty or staff looking for an affordable foothold in North County San Diego, this move-in ready gem checks every box.
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.
