3022 Cole Grade Dr, Santee, CA 92071
3 beds · 3 baths · 1,585 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this stunning former model home in the heart of Santee, offering a rare blend of upgraded finishes and versatile three-level living. With 3 bedrooms and 2.5 bathrooms, this thoughtfully designed townhome provides the perfect balance of style, space, and functionality. Step inside to find a split-level layout that separates the main living areas for maximum comfort and privacy. On the entry level, enjoy a welcoming living room with plenty of natural light and beautiful high ceilings, ideal for relaxing or entertaining. Just a few steps up, the open-concept kitchen features tile countertops, a central island, recessed lighting, and direct access to the dedicated dining area and cozy family room—perfect for gatherings and daily living. Upstairs, all bedrooms and the convenient laundry room are located together. The primary suite is a standout, with custom wood accent walls that add warmth and character. Each bedroom is well-sized and each bathroom is tastefully appointed to match the home's overall design. The home is located within a gated community that offers residents access to a sparkling pool, relaxing spa, and a playground. Ample guest parking is available, making it easy to host friends and family. Enjoy quick access to both the 67 and 52 freeways, offering a convenient commute to all parts of San Diego County while still enjoying the charm of Santee living. This home is move-in ready and perfectly situated close to shopping, schools, and more—don’t miss this opportunity to own one of the best units in the community!
Source: CRMLS #PTP2502972
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #PTP2502972
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.