2220 Huntington Point Rd # 38, Chula Vista, CA 91914
2 beds · 3 baths · 1,410 sqft
Welcome to this beautiful 2-bedroom, 2 and 1/2 bathrooms tri-level condominium in the desirable Rolling Hills Ranch. Located in the Sedona’s neighborhood, this home is designed with modern living in mind, featuring PAID OFF TESLA SOLAR system with battery bank, offering the perfect combination of comfort, sustainability, and convenience. The expansive primary bedroom is a true retreat, designed for ultimate relaxation, while the spacious secondary bedroom, located on the lower level, with its own private bathroom provides both convenience and privacy for family members or guests. You’ll also find an additional versatile space that’s perfect for a home office, studio, art and crafts area, or whatever suits your needs! Step outside onto one of the two private balconies, where you can enjoy the great Southern California weather year-round. The home also includes indoor laundry, a 2-car garage, and an additional assigned parking space, making it ideal for your lifestyle. This unit is equipped with a water purification system, newer washer and dryer, A/C unit and furnace (replaced in 2021), ensuring your home is comfortable and efficient in every season. The location is unbeatable! Only 20 minutes from downtown San Diego, close to shopping, dining, entertainment, walking trails and 2 dog parks offering endless options for outdoor recreation. This home offers everything you need: a great neighborhood, modern amenities, and an eco-friendly, energy-efficient home with NO MELLO ROOS. Don’t miss your chance to make this property your own!
Source: SANDIEGO #250020804
Source: SANDIEGO #250020804
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.