1275 Grand Meadow Way, Santa Maria, CA 93455
5 beds · 4 baths · 3,077 sqft
Stunning 5-Bedroom Home with Outdoor Kitchen, Expansive Backyard & Premium Upgrades! Welcome to this exceptional 5-bedroom, 4-bathroom two-story home that offers RV parking, a huge backyard, and unparalleled indoor-outdoor living. The backyard is an entertainer's dream featuring an outdoor kitchen with a Mont Alpie pizza oven, grill, and fridge, complemented by gorgeous lighting, a high-end hot tub, and a natural gas fire pit perfect for cozy evenings under the stars. Get your fruit fix! Just planted a variety of delicious fruit trees including mandarin, lemon, avocado, fugi apple, peach, plum, Granny Smith, apricot, and banana. Inside, the massive kitchen is a chef's delight, complete with LG stainless steel appliances, a stunning island with ample seating, a large pantry for all your storage needs, and a dedicated wine bar area featuring a bodega fridgeideal for showcasing your favorite Central Coast wines alongside your coffee station. This home is equipped with air conditioning, a secure security system, and features owned solar by SunPower to keep energy costs low. The versatile floor plan includes two bedrooms downstairs and a den that could serve as an additional bedroom or suite, while all other bedrooms are located upstairs. The luxurious primary suite boasts a large, spacious closet, a soaking tub, a large shower, dual sinks, and spectacular mountain views that greet you each morning. Additionally, select bedrooms offer ocean views on clear days, providing a serene backdrop throughout the home. As part of the Summit Club HOA, enjoy resort-style amenities such as a pool, Jacuzzi, gym, clubhouse, pickle-ball courts, basketball courts, and more. Don't miss the opportunity to experience this truly remarkable homeschedule your showing today!
Source: CRMLS #PI25043168
Financials
Source: CRMLS #PI25043168
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.