2414 Oak Canyon Pl, Escondido, CA 92025
4 beds · 3 baths · 3,066 sqft
Tucked away in a serene, canyon-like setting, this thoughtfully designed home offers the perfect blend of privacy, tranquility and convenience. Located on a cul-de-sac with only 5 other homes, you’ll experience minimal traffic-just residents and your delivery providers, enhancing the quiet, peaceful atmosphere. Enjoy the beauty of your surroundings with nature at your doorstep and benefit from the privacy of living on a secluded street. This Mediterranean style, single-story, well-appointed home features high vaulted ceilings in the entry creating a grand first impression. The abundance of natural light is emphasized by 7 skylights throughout the home, bringing the outdoors in and filling every room with a warm glow. Boasting 9-foot ceilings and tray ceilings in three rooms adds a touch of sophistication and architectural detail. You’ll enjoy 4 large bedrooms perfect for family living, with 3 full bathrooms which provide ample space for comfort and convenience. The spacious primary suite is thoughtfully positioned on the opposite side of the home, ensuring a peaceful retreat away from the rest of the living spaces. All other rooms are located adjacent to each other, creating a functional and open flow throughout the home. With spacious bedrooms and plenty of natural light, this home is ideal for those who value both peace and proximity to everyday living spaces. Whether you’re entertaining in the open plan living areas or enjoying quiet moments in the private primary suite, this home provides the ideal setting for any lifestyle. The private laundry room adds convenience to daily life, while the 3 car garage provides plenty of room for vehicles, storage and projects. Plus, with OWNED SOLAR PANELS, you’ll enjoy significant savings on electric bills making this home not only energy-efficient but also cost-effective. You’ll also find a battery back up in the garage, too! The sparkling saltwater pool and attached jacuzzi is the centerpiece of this tastefully landscaped backyard, offering privacy and a serene oasis for relaxation with over half an acre of land to enjoy. Additionally, the expansive upper outdoor space provides the potential to build additional storage, fitness area or ADU, offering endless possibilities for guests, rental income or personal use. Don’t miss your opportunity to own this exquisite property in the south area of Escondido. Just minutes from the freeway, with shopping and dining options close by, making this the perfect home for those who want the best of both worlds.
Source: CRMLS #PTP2502242
Source: CRMLS #PTP2502242
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.