1675 Colina Vis, Fallbrook, CA 92028
4 beds · 4 baths · 2,714 sqft
Dwell West Homes presents this rare opportunity to own a fully remodeled Mediterranean-inspired home on acres of picturesque, usable land in the heart of Fallbrook. This 4-bedroom, 3.5-bathroom single-level residence with 2 primary retreats boasts superior craftsmanship and luxury finishes throughout. A professional designer has curated a stunning space with new luxury vinyl flooring, fresh paint, and upgraded lighting throughout. The kitchen is a showstopper with slim white shaker cabinets, quartz countertops, a custom plaster range hood over a 36” freestanding gas range, floating shelves, a large island, and a matching outdoor bar counter. The spacious primary bedroom features a floor-to-ceiling tiled fireplace and en-suite spa-like bath with a His & Hers vanity, freestanding tub, and oversized tiled shower with a bench. Additional upgrades include a large laundry room with extra storage, new mirrored closet doors, and all-new GFCIs. The exterior features fresh landscaping with succulents, full exterior paint, new double-pane windows and sliders, a brand-new roof with a 5-year warranty, and a remote-entry gated driveway. The 4-car garage has new doors/motors including a new water heater. Conveniently located near Monserate Winery, Vineyard 1924, and Live Oak Park, this private retreat is truly one-of-a-kind. Don’t miss this extraordinary opportunity—call us for a private showing today!
Source: CRMLS #NDP2502944
Source: CRMLS #NDP2502944
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.