110 Del Gado Rd # 14, San Clemente, CA 92672
3 beds · 3 baths · 1,480 sqft
HUGE $85,000 PRICE ADJUSTMENT. Nestled in the exclusive North San Clemente community of Beachwalk, this gem of a home is a rare find. It’s not often a property in this 19-home community comes available, and this one is stunning. Head down the private and lusciously landscaped walkway to enter the open and spacious living room. With its vaulted ceilings and large windows, natural light fills the room – there is so much natural light all throughout the home. The organic flow of the first floor enables movement from the living room to the dining room and to the kitchen with ease. Prepping and cooking in this beautifully remodeled kitchen is both delicious and fun. The upgraded countertops and backsplash show beautifully, as well as clean white cabinets with ample storage. And all the appliances are in close reach. Tile and carpet are throughout. Upstairs is where the 3 bedrooms are located. The primary suite also has lots of natural light with its large windows and vaulted ceilings. And the closets were given special attention, as they were upgraded with custom organizers, offering the best use of storage. The secondary bedrooms share a Jack-and-Jill bathroom. Upstairs, there is also additional storage if needed. Heading back downstairs, there’s a half-bath. Or go out to the 2-car garage with epoxy flooring to do laundry, where the washer and dryer are located. Or even head out to the backyard for some tranquility and privacy. The beautiful, mature plant life surrounds the outer perimeter of the home as can be seen when walking from the backyard to the side yard. And then wraps right around to the front of the home. So lovely, charming, and peaceful. Within the community, there is also a private spa and ample guest parking. Close to the beach, schools, shopping, restaurants, entertainment, PCH and the 5-Fwy. This is an incredible home in a gorgeous area.
Source: CRMLS #OC25047436
Financials
Source: CRMLS #OC25047436
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.