1330 Panorama Ridge Rd, Oceanside, CA 92056
4 beds · 4 baths · 3,321 sqft
PRIVATE AND BEAUTIFUL HOME IN OCEANSIDE - SPECTACULAR MOUNTAIN - CANYON VIEWS - BRIGHT AND OPEN FORMAL LIVING ROOM FEATURING TALL VAULTED CEILINGS - FORMAL DINING ROOM - ACCESS TO THE BACKYARD - STUNNING ARCHED DOORWAYS THROUGHOUT THE HOME - SPACIOUS KITCHEN - HUGE CENTER ISLAND - TONS OF STORAGE SPACE - GREAT NATURAL LIGHT IN THE FAMILY ROOM - COZY FIREPLACE - CUSTOM BUILT ENTERTAINMENT CENTER - DOWNSTAIR BEDROOM WITH BUILT-IN DESK AND BATHROOM - PERFECT FOR GUESTS - GORGEOUS PRIMARY BEDROOM INCLUDE A PRIVATE BALCONY - ENSUITE BATHROOM WITH A LARGE SOAKING TUB - DUAL VANITIES - EXTRA LARGE SHOWER - OVERSIZED WALK-IN CLOSET FEATURING CUSTOM BUILT- INS - LOFT COULD BE USED AS AN OFFICE SPACE OR ENTERTAINMENT ROOM - CONVENIENT SECOND FLOOR LAUNDRY ROOM -SECONDARY BEDROOMS WITH OVERSIZED WALK-IN CLOSETS AND ATTACHED FULL BATHROOMS - ENTERTAIN FRIENDS AND FAMILY IN THE LOVELY BACKYARD WITH PICTURESQUE VIEWS - PATIO - LOW MAINTENANCE TURF - HARDWOOD FLOORING - PLANTATION SHUTTERS - WROUGHT IRON STAIRWAYS - CROWN MOLDING THROUGHOUT - SOLAR ON PROPERTY - OVERSIZED 3-CAR GARAGE WITH AMPLE ROOM FOR STORAGE - WONDERFUL COMMUNITY - JUST MINUTES TO PARKS, POPULAR RESTAURANTS, HIKING TRAILING AND MORE! PRE HOME AND TERMITE REPORT AVAILABLE LOW WATER BILLS ( AVERAGE $100 / MONTH ) LOW SDGE COMBINED WITH SOLAR ( AVERAGE $150/ MONTH)
Source: SANDIEGO #250021935
Financials
Source: Public records
Source: SANDIEGO #250021935
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What 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.