27924 Barley Ct, Valley Center, CA 92082
4 beds · 3 baths · 2,672 sqft
Spectacular Backyard, huge bonus room, plus lots of parking! This beautiful home boasts 4 spacious bedrooms & 3 full bathrooms. Step inside to discover a bright and airy open floor plan, ideal for both entertaining and everyday living. The gourmet kitchen is equipped with modern appliances, ample cabinetry, and a large island, making it a chef's delight. The adjacent dining and living areas flow seamlessly, creating a warm and inviting atmosphere. Convenient layout with one bedroom and a full bathroom located on the main floor, perfect for guests or multi-generational living. The expansive Bonus room upstairs provides a versatile space that can be used as a family room, home office, or play area. The master suite offers a private retreat with an ensuite bathroom featuring dual vanities. The additional bedrooms are generously sized and share access to another well-appointed bathroom. Experience the ultimate in energy efficiency with paid-for solar panels and a suite of eco-friendly features, ensuring minimal utility expenses. The home is situated in a newer community that includes well-maintained parks, refreshing pools, and a vibrant community center. Walk outside to the newly renovated backyard oasis perfect for entertaining or to relax after a day's work. Enjoy the tranquility of this peaceful neighborhood while being just a short drive away from local amenities and attractions. FHA & VA OK!
Source: CRMLS #NDP2501877
Financials
Source: Public records
Source: CRMLS #NDP2501877
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.