Filled with natural light and thoughtfully maintained over the years, this inviting single-level home offers spacious living and exceptional energy efficiency. Nestled on a quiet cul-de-sac in the highly sought-after Casa de Oro/Mt. Helix community, this beautifully maintained single-level home offers the perfect blend of comfort, spacious living, and thoughtful long-term improvements. Located on the western shoulder of Mt. Helix, you’ll enjoy the peaceful character of one of East County’s most desirable hillside neighborhoods while remaining just minutes from shopping, dining, parks, and convenient access to Highways 94 and 125. This inviting home offers over 2,000 square feet of thoughtfully designed living space that lives even larger than its square footage. Soaring wood-beamed ceilings, rich hardwood floors, newer dual-pane windows and sliding glass doors, two skylights, and a solar tube create a bright, open atmosphere throughout. Generously sized living areas include a spacious living room, separate family room with custom built-in bookcases flanking the fireplace, formal dining room, and an open kitchen that overlooks the pool and flows naturally into the family room—perfect for everyday living and entertaining. The exceptionally spacious primary suite offers two closets and opens directly to the relaxing spa, while the west-facing outdoor living area captures beautiful sunset skies over the surrounding hills. An expansive deck surrounds the pool and spa, creating the perfect setting for relaxing, entertaining, or enjoying San Diego’s year-round outdoor lifestyle. This home has been thoughtfully improved where it matters most. Major investments include a new roof (2021), all new windows and sliding glass doors, new heat pump (2021), new electric water heater (2023), updated utility sink, Wi-Fi-enabled garage door opener, four newer ceiling fans, two comfort-height toilets, newer refrigerator, and updated pool equipment including a newer filter, gas spa heater, and automatic pool cleaner. Energy efficiency is another standout feature with an owned solar system, two Tesla Powerwall backup batteries, Tesla EV charging station, and added electrical dryer outlet offers flexibility while helping reduce everyday energy costs. The entire house, with the exception of the spa heater when used, can be ran on electric, utilizing the newer solar system. This is a home that has been well cared for over the years, with meaningful investments that provide comfort, efficiency, and peace of mind. Move in and enjoy it immediately while adding your own personal touches over time, knowing that many of the home’s most significant improvements have already been completed. With its spacious floor plan, abundant natural light, established neighborhood, exceptional energy upgrades, and prime Mt. Helix-area location, this is a rare opportunity to own a home that offers both lasting value and the relaxed Southern California lifestyle.
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.
