LOCATION, LOCATION, LOCATION! Welcome to this beautifully upgraded condominium in the heart of Mission Valley, offering the perfect combination of modern comfort, privacy, and convenience. Ideally situated near major employers, shopping, dining, universities, trolley access, freeways, and several military installations, this home places everything San Diego has to offer within easy reach. Located within a fully gated community, this desirable end-unit enjoys exceptional privacy and security. Unlike many condominiums, the private balcony and living spaces overlook a lush greenbelt rather than neighboring units, creating a peaceful retreat where you can relax and enjoy the sights and sounds of nature. Step inside to discover an open-concept floor plan featuring soaring ceilings, upgraded flooring, upgraded windows, and abundant natural light. The remodeled kitchen showcases elegant quartz countertops, stainless steel appliances, and a picturesque window framing serene greenbelt views. Just off the dining area, the private balcony offers the perfect spot for morning coffee or evening relaxation. Offering approximately 1,020 square feet of living space, the home features a convenient half bath on the main level and two spacious bedrooms with a full bathroom upstairs. The primary bedroom includes a generous walk-in closet and a versatile recessed nook ideal for a home office, study area, or reading space. Both bedrooms feature ceiling fans for added comfort, while a newer wall-mounted air conditioning unit helps keep the home cool year-round. Additional conveniences include covered parking located just steps from the unit, making daily living effortless. Residents enjoy an impressive array of resort-style community amenities, including multiple swimming pools, spas, tranquil fountains, laundry facilities, beautifully maintained grounds, and direct access to the scenic Riverwalk Park Trail for walking, jogging, and outdoor recreation. Move-in ready and thoughtfully updated throughout, this rare Mission Valley gem offers privacy, security, modern upgrades, and an unbeatable central location.
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.
