Welcome to 2890 Silver Medal Road Unit 9, a beautifully situated home in the highly sought after Eastlake community of Chula Vista, where lifestyle, convenience, and neighborhood charm come together seamlessly. The beautiully appointed townhome includes white shaker cabinets, granite countertops and stainless steel appliances in the kitchen. Enjoy some fresh air on the balcony that's adjacent to the main living area. Both bedrooms feature ensuite bathrooms and the primary bedroom features a walk-in closet. Laundry is located upstairs for your convenience. Other features include a tankless water heater, LVP flooring on main living area, and newer carpet upstairs. The 2 car garage has direct access to the home and offers an EV Charger. Eastlake is known for its vibrant, master-planned design, offering residents a true sense of connection and pride of ownership. Tree lined streets, scenic walking trails, and meticulously maintained landscaping create an inviting atmosphere from the moment you arrive. This is the kind of neighborhood where evening strolls, weekend bike rides, and friendly waves from neighbors are part of everyday life. Living in Eastlake means enjoying access to exceptional community amenities that elevate your daily routine. Residents appreciate a sparkling pool, relaxing spa, clubhouse, parks, and playgrounds, all designed to foster recreation and relaxation just steps from home. Whether you're hosting gatherings, enjoying family time, or unwinding after work, the community offers spaces that make it easy. This location places you close to highly rated schools, shopping centers, dining options, and local entertainment. From quick coffee runs to weekend brunch spots and retail therapy, everything you need is within reach. Commuters will also appreciate convenient access to major roadways, making travel throughout San Diego County smooth and efficient. Eastlake is celebrated for its network of trails, nearby golf courses, and beautiful open spaces. Enjoy morning jogs around the lake, afternoons at nearby parks, or tee times just minutes away. The neighborhood was designed with an active Southern California lifestyle in mind. 2890 Silver Medal Road Unit 9 offers more than just a residence, it offers entry into one of Chula Vista’s most desirable communities. Whether you're looking for a peaceful retreat, a family-friendly environment, or a dynamic neighborhood filled with amenities, this Eastlake address delivers on every level.
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.
