1408 Papin St, Oceanside, CA 92058
3 beds · 2 baths · 978 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your beautifully renovated beach cottage, perched atop a hill in one of Oceanside’s most exciting up-and-coming neighborhoods. With striking curb appeal, refreshing ocean breezes, and a coastal-inspired interior, this home offers the perfect blend of timeless charm and modern comfort. This single-story gem has been fully updated since its last purchase in 2019—nearly everything is brand new. Currently configured as a 2-bedroom, 2-bathroom home, the space is open, airy, and filled with natural light thanks to multiple skylights and dual-pane windows. The upgraded kitchen features black stainless-steel appliances, a bib sink, wine fridge, and generous quartz countertops—ideal for both everyday living and entertaining. Both bathrooms have been tastefully remodeled, and luxury vinyl plank flooring flows seamlessly throughout the home. Split A/C and heating units provide year-round comfort, while the converted 1-car garage offers a versatile bonus space—perfect as a bonus room, home office or media room. Additional upgrades include PEX plumbing, updated electrical and outlets throughout. Step outside into your expansive backyard oasis, complete with a large covered patio, cozy fire pit, above-ground jacuzzi, and an electrically connected shed—ready to be transformed into an art studio, gym, or guest space. With a large lot and multiple outdoor entertaining areas, this home is designed to embrace the very best of Southern California living. Ideally located less than 2 miles from the ocean, you'll find yourself just minutes from downtown Oceanside, the iconic pier, Oceanside Harbor, and beloved landmarks like the Top Gun House and The Seabird Ocean Resort & Spa. Enjoy easy access to rooftop dining, craft breweries, boutique wineries, and the vibrant weekly Farmers Markets—all within walking or biking distance. Positioned east of the 5 FWY, commuting is convenient while still offering a true coastal lifestyle. Entertainment in the area is rapidly expanding. The brand-new Oceanside Arena is on the rise, promising concerts, sporting events, and a boost in local energy. Meanwhile, the Wave Pool Resort is under development nearby—a future hotspot for surfing, relaxing, and resort-style fun. Feeling more adventurous? Go skydiving over the coast with a world-class facility just minutes from your door—there’s truly no better view. Fully renovated and move-in ready, this home is a rare find—Don’t miss your chance to own a piece of Oceanside’s exciting future.
Source: CRMLS #NP25078164
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #NP25078164
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.
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.