Million dollar views without the million dollar price tag! This highly desirable Treviso home is single story unit, located on the second level and is an end unit. The home showcases breathtaking panoramic views of Mission Trails and unforgettable sunsets right from the primary bedroom, an everyday backdrop that truly sets this home apart. This gorgeous home offers 2 bedrooms and 2 bathrooms with the living room featuring crown molding, recessed lighting, ceiling fan and attractive newer tile flooring. The kitchen includes granite countertops, a nook area and a pantry. The spacious primary suite features a walk in closet and private bath, offering comfort and privacy. Additional highlights include dual pane windows, fire sprinklers, full size in unit laundry, exterior storage, a private garage and one assigned parking space. Enjoy the benefit of recent upgrades throughout the home. Within the past year, the window screens, bedroom blinds and tile flooring in the living room, kitchen, dining area and hallway have been replaced. The washer, dryer and dishwasher were also updated within the last two years. The Treviso community can enjoy access to a sparkling pool and spa, along with a pet-friendly environment. Ideally situated on the west side of Santee, this home is close to shopping, dining, public transportation, hiking trails and freeway access. The Mission Trails views and incredible sunsets are simply unmatched, this is the kind of setting that must be experienced in person to be fully appreciated.
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.
