Welcome to 5278 Trojan Ave, a charming 3-bedroom, 1-bath single family home tucked into one of San Diego's most established neighborhoods, Colina del Sol in the heart of Mid-City. Fresh paint, updated flooring, and a partially renovated kitchen and bathroom make this home ready to enjoy from the moment you move in. The renovated laundry room with French doors adds a bright, functional touch that feels anything but ordinary. One of the bedrooms is detached from the main living area, offering natural separation perfect for guests, a home office, or a teenager who needs their own space. The lot spans 5,326 sq ft with no HOA and no Mello-Roos, and this is where the opportunity gets exciting. The City of San Diego previously approved permits and completed plans for a garage conversion to a 1-bed, 1-bath ADU. The permit has since expired but is eligible for renewal, meaning the next owner skips the longest and most frustrating part of the ADU process and picks up right where it left off. On top of that, the zoning supports two additional full ADUs in the backyard, giving this property the potential to accommodate four separate living units on one lot. The plans are fully drawn by a licensed drafter, energy compliance is certified, and the City has already reviewed and approved the design. Renewing an expired permit is a far simpler process than starting fresh, and that advantage has real dollar value in today's San Diego market. Live in the main house, build at your own pace, and let the property grow with you. Colina del Sol is a tight-knit, walkable community with great dining along El Cajon Blvd, easy access to local shopping, and quick freeway connections to all of San Diego. Whether you are planting roots, housing extended family, or simply buying smart, 5278 Trojan Ave delivers a real home today with serious long-term upside already in place.
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.
