2239 Black Canyon Rd Spc 46 # 46, Ramona, CA 92065
3 beds · 2 baths · 1,946 sqft
Welcome home to 2236 Black Canyon Road #46in the highly desirable Oak Tree Ranch community. This 3 bedroom, 2 bath 1,946 square foot manufactured home situated in a prime location in the community close to pool and amenities withan oversize private lot. Thislight and bright 2014 Karsten Avalon residence boasts an open floor plan, vaulted ceilings, fireplace, oversize rooms, attached garage and deluxe kitchen. Relax and unwind after a long day in the primary retreat and spa like bathroom including soaking tub, walk in shower and dual sinks. Sip on tea while rocking on your front porch or escape into the peaceful backyard with patio cover, custom pavers, artificial turf whilelooking out to the open space and nearby hillsides. The Oak Tree Ranch is a beautiful, all age community withpool, bbq area, car washing station, dog park, picnic area, play ground, stage for special events, lovely remodeled club house with library and full kitchen. Manicured lawns and beautiful park like setting welcome you home!Come and enjoy the Ramona lifestyle that you've been looking for!
Source: SANDIEGO #NDP2502664
Financials
Source: SANDIEGO #NDP2502664
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.