Nestled within the exclusive community of Sky Ranch well above the city of Santee, this original owner, turnkey single level home is set along a quiet, picturesque street, that lives up to its name, offering beautiful surroundings, well planned design with a panoramic view of city lights and stunning sunsets. This ranch-style residence epitomizes Southern California living at its finest. This home spans approximately 3,003 square feet and features a thoughtful layout with four bedrooms and three full bathrooms, offering both comfort and style for everyday living or festive entertaining. Built in 2013, the property showcases true California style architectural amidst a quiet neighborhood. The fully landscaped lot with palms, turf, a huge plumeria tree and drought tolerant areas offers privacy and is fully irrigated, full drip system front and back yard and slope is sprinklers. All on timers. There is room for a garden, dog run, or elegant entertaining under the California sun or sunset happy hours and quiet mornings with coffee. Inside, the well-proportioned rooms are infused with natural light and flow effortlessly from room to room, creating an inviting sense of home. The foyer opens to a wide hallway leading to the main living area. An open and inviting common area features a kitchen with a huge island complete with bar seating, granite, stainless and dark wood cabinetry with an adjacent large formal dining room. The formal dining room could alternatively be used as a game room, office, home gym or hobby area. Additionally, it could be converted to another bedroom. The well thought out floor plan balances privacy with proximity with an impressive primary bedroom including a large bath and generous walk-in closet. The primary bath features a custom tiled shower and separate large soaking tub and dual sinks. The second bedroom/office is adjacent to the guest bath. The third and fourth bedrooms are connected by an entry with storage. They are joined by a jack and jill bath complete with dual sinks on the opposite side of the home from the primary suite for privacy. Additional features include owned solar and a large pantry area for extra kitchen storage. Tri-zone climate control for personalized comfort and energy conservation. The home features ceiling fans in every room and recessed canned lighting with dimmable controls. The oversized laundry room is conveniently located outside the primary suite. Key pad controlled smart door locks are located on the front door and garage door for convenience and security. The large three-car garage has a tandem space that could be used as a workshop, craft area or general storage. Gorgeous neighborhood ideal for walking and hiking. Dog-friendly community with regular activities including taco nights and holiday celebrations. Convenient access to freeways 67, 52, and 8 (just 5 minutes away). Situated close to well-regarded schools, lush parks, and local amenities, this home embodies the desirable blend of suburban tranquility and everyday accessibility that defines Sky Ranch living
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.
