1840 Mint Ter # 5, Chula Vista, CA 91915
4 beds · 4 baths · 1,816 sqft
This 4 bedroom /3.5 bathroom bright and spacious townhome offers the perfect blend of style and functionality and ample space for today's homeowner. The main living area offers an open-concept layout, perfect for entertaining and family gatherings. Kitchen with trendy white shaker cabinets, quartz countertops, a walk-in pantry & stainless steel appliances -including a gas stove, and upgraded exhaust fan. Tankless water heater, whole house water filter, 240V outlet for Tesla (electrical car) charging, and the Sunnova Solar Panel System(PPA). A bedroom with a full bath on the 1st level can be perfectly used as a guest room or as an in-law room. Residents have access to community amenities, as well as exclusive amenities for Boulevard Homeowners including the private community pool and tot lot. There is plenty to explore within distance, such as the schools, shops, restaurants, and entertainments at Otay Ranch Town Center. Nearby access to the CA-125 makes it simple to reach all that South San Diego County has to offer. Refrigerator, washer and dryer do convey without warranty.
Source: SANDIEGO #250020309
Financials
Source: SANDIEGO #250020309
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.