1024 Laguna Dr Apt 11 # 11, Carlsbad, CA 92008
2 beds · 2 baths · 925 sqft
Get a free consultation call with an expert in the mortgage assumption process.
PRICE REDUCTION + $10,000 CLOSING COST CREDIT TO BUYER + 3.5% ASSUMABLE VA LOAN! Here's an absolutely charming condo west of I-5 with dual primary bedrooms and baths. Located in popular Laguna Terrace and a quick walk to the beach, this well-maintained property features a drop dead gorgeous kitchen with stainless steel appliances, granite countertops, and plenty of storage. You will love the private, enclosed patio with storage closet as well. This lovely condo also has its own interior laundry and two dedicated parking spots inside the complex's gated parking structure. Laguna Terrace is a great opportunity not only for its location being gated, west of I-5 and close to the beach, but also its location being in popular Carlsbad Village and within walking distance of the ocean, restaurants, shops and public transportation. There are 205 restaurants rated 4 or more stars within a 5-mile radius as well, and kids attend renowned Carlsbad schools.
Source: CRMLS #ND25024768
Source: CRMLS #ND25024768
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.