28517 Valley Center Rd, Valley Center, CA 92082
4 beds · 3 baths · 1,699 sqft
Enjoy the tranquility of the country life while enjoying the convenience of city life with this great move-in ready country home located just a short drive from shops and restaurants. Nestled on 2.62 acres, this fully-fenced and gated property offers solar panels, central AC and has been freshly painted. Upstairs you will find 3 bedrooms and 2 full bathrooms and an open concept living room with a cozy fireplace and lots of natural light. Prepare your favorite meals in the kitchen while enjoying breathtaking views and relax in the afternoons reading your preferred book or enjoying the drink of your choice in your own generous balcony. Located downstairs, a good-sized bedroom with an en suite bathroom and its own entrance offers great privacy and is ideal for guests or potential Airbnb. An entertainment deck featuring a pool, spa and enough space for a BBQ grill will be perfect for those hot summer days. The park like landscaping and its beautiful Oak trees provide lots of shade and a great place for kids or pets to play. Don't worry about parking. This home comes with an attached 2-car garage and space for several cars in the driveway. This fantastic property also offers a wall mounted fish tank in the dining area, a producing well that’s being used for irrigation, an RV space with hookups and potential to add an ADU, a shed, or just store your favorite toys.
Source: SANDIEGO #240014842
Financials
Source: Public records
Source: SANDIEGO #240014842
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.