2378 Mahogany Ln, Vista, CA 92084
5 beds · 4 baths · 3,443 sqft
Discover Luxury Living in the Exclusive Oak Creek Community Welcome to Oak Creek, a hidden gem nestled in the tranquil backroads of Buena Creek. This private, gated enclave of just 24 homes offers unparalleled luxury living, surrounded by lush greenery, breathtaking hillside views, and serene privacy. This modern farmhouse-style home's features so many custom upgrades it's a must see. The open-concept layout features a chef’s kitchen with a spacious island, deep porcelain sink, sleek appliances, a five-burner cooktop, a walk-in pantry, and ample storage—perfect for hosting gatherings. Both the dining and family rooms showcase oversized sliding doors, with custom drapery, that opens up to your private oasis. Take in the beautiful oak and pecan trees, with no rear neighbors, just the sound of birds singing and cascades falling. Tucked away on the main floor is a junior suite with its own full bathroom and walk-in closet, conveniently located near the three-car tandem garage. Adjacent is a spacious office/flex room, with a custom craftsman cabinetry and paint throughout. Upstairs, you’ll find a massive loft, generously sized bedrooms, and a primary suite that offers spectacular hillside views. The primary suite also includes dual walk-in closets, with custom built-in closet organization, an oversized soaking tub, and a glass-enclosed shower. The oversized backyard is ready for year-round entertaining, with a covered cooking area with built-in smoker, artificial turf, and custom landscaping all around. The custom saltwater pool and spa, boast a large beach walkin baja shelf—ideal for lounging, enjoying a drink, or spending time with family and friends and soaking up the SoCal sun. Quick access to freeway, shopping and top notch charter schools. Don’t miss the opportunity to own a piece of luxury in this one-of-a-kind community.
Source: CRMLS #SW25068277
Financials
Source: Public records
Source: CRMLS #SW25068277
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.