3453 Via Loma Vis, Escondido, CA 92029
4 beds · 3 baths · 2,755 sqft
Views Forever! Nestled in the sought-after Lake Hodges area, this exquisite custom home on a generous 1.33-acre lot offers views of the lake, rolling hills & majestic mountains. Inside-outside living is possible on three levels of this thoughtfully remodeled home. The property features luxurious upgrades & high-end finishes throughout. Enjoy sunny days by the oversized pool and hot tub or dine al fresco on the charming patio adjacent to the living area. The gourmet chef’s kitchen is equipped with top-of-the-line finishes, including quartz countertops, a Sub-Zero refrigerator, a Wolf range, and a Fisher & Paykel dishwasher. The kitchen, upper bathroom cabinets, & multiple built-ins are custom-crafted by a master cabinetmaker while the lower-level bathroom includes a floating vanity & vessel sink from Native Trails. The recently remodeled kitchen & bathrooms include high end Kohler fixtures. The property also includes a La Cantina kitchen window offering a seamless pass-through perfect for entertaining. The custom-designed laundry room offers ample storage & additional bespoke cabinetry with hidden extras such as a pull-out ironing board, extra power outlets, and an oversize stainless sink. Work from home? No problem in a private allocated office on the mezzanine level with more sweeping views. The primary bedroom features a custom walk-in California Closet and a beverage bar w/ a Zephyr refrigerator perfect for late-night beverages or early morning coffee or tea. The private deck situated off the master is ideal for enjoying sunsets and sunrises!
Source: SANDIEGO #250020300
Financials
Source: Public records
Source: SANDIEGO #250020300
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.