18752 Caminito Cantilena # 176, San Diego, CA 92128
1 beds · 1 baths · 814 sqft
This gorgeous, turn-key condo has been lovingly updated from top to bottom over the past 2 years by caring owners. Due to a job change, it no longer meets their needs…their loss is your gain. This must-see top to bottom remodel includes new lighting, paint, fireplace, kitchen, bathroom and flooring. Step through the freshly painted front door and designer entry tile to find a bright and luxurious, vaulted ceiling living room complete with modern LED lighting and a fireplace finished with modern concrete surround over tile, capped by a thick wooden hearth. The kitchen has been redesigned with bar height counter to improve its connection to the dining space and boasts modern gray, shaker style cabinet doors with brushed nickel handles, light colored stone countertops (45° cut hides the seam while giving the appearance of a 2 inch thick slab), all new appliances (included), deep single compartment sink, new faucet, tile backsplash, LVP flooring and new lighting. Over the kitchen bar, a large wall mirror (included with sale) adorns the dining space. Custom-built, white barn door separates the bathroom, bedroom and in-unit laundry (stacked washer/dryer included with sale). Primary bedroom includes a walk-in closet, updated LED lighting and sliding glass door to patio. The patio offers room for a BBQ and café table and a view to Battle Mountain and its cross. Bathroom has been completely redesigned with farm style double sink vanity, beautiful sea foam tiled shower surrounded by glass and a frameless sliding bypass door, new lighting, mirrors, faucets, multi-color Bluetooth fan/light, toilet and LVP flooring. When you’re done enjoying the luxury of your new home, check out the Bernardo Vista Del Lago resort lifestyle complete with 2 community hot tubs, 3 pools (including 25 meter exercise lap pool), fully equipped exercise gym, pickleball, tennis, recreation room, duck pond and scenic hiking and biking trails. List of recent upgrades: Fresh paint throughout; New light fixtures and chandeliers throughout (LED can lights w/dimmers were also added); added power outlets w/USB ports; LVP flooring in kitchen and bath; Kitchen: Granite countertop, tile backsplash, deep single bowl sink, disposal, faucet, refinished cabinets w/new hardware; Bathroom: Expanded shower replacing wall with gorgeous glass and sliding door, modern farmhouse style double sink vanity, mirrors, light fixtures, toilet, multi-color fan/light connects to bluetooth for music in the shower; built-in laundry shelving.
Source: CRMLS #NDP2502165
Source: CRMLS #NDP2502165
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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 “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.
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 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 of Equal Opportunity Act.