15824 Paseo Del Sur, San Diego, CA 92127
4 beds · 3 baths · 2,623 sqft
Rarely available classic beauty located in desirable Del Sur, an award winning, master-planned neighborhood with award winning schools, tree-lined streets, 14 parks, 11 pools, playgrounds, community events, and miles of hiking trails. This home has the largest back yard space in the Cassero collection with a large grass area, entertainer's patio with built-in BBQ and granite island, all surrounded by beautiful lemon, orange, fig, and avocado trees and garden beds. You’ll love the abundant natural light, tall windows, crown molding, decorator niches, and high ceilings throughout. Benefit from owned Solar system installed under the NEM program where credits can be received for excess energy produced! Many upgrades include: EV Charger, water softener system, Alexa controlled recessed lighting, new app controlled window shades, built-in pantry and cabinet organizer, gas fireplace, security system, Ring doorbell, smart irrigation system, outdoor speakers, garage storage racks, reverse osmosis in kitchen, recently painted exterior, and newer furnace and dishwasher. The spacious kitchen has a large center island breakfast bar, all stainless steel appliances, double ovens, walk-in pantry, dark wood cabinetry, granite counters, and eat-in dining area. A desk nook and mud room is aside of the kitchen. The cozy family room has a stone gas fireplace and built-in media niche. There is a spacious dining area that is open to the formal living room. The first floor bed and bath is perfect for guests or a home office. The primary bedroom has en suite bath with dual sinks, soaking tub, separate shower and commode, plus a generous walk in closet. Enjoy sunning on the upstairs patio balcony!
Source: CRMLS #NDP2502703
Source: CRMLS #NDP2502703
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.