405 Avenida Salvador, San Clemente, CA 92672
4 beds · 3 baths · 2,451 sqft
Get a free consultation call with an expert in the mortgage assumption process.
From Mt Baldy to San Clemente Island to Palos Verdes, this home has an incredible view. If view is what you are looking for this is it. Perched high on a prestigious San Clemente hill, you can enjoy stunning ocean views that include the Dana Point harbor, Catalina Island, and San Clemente Island. Sunsets will fascinate you as they are as different as the days they end, slowly melting away to reveal the city lights below. Watch sailboats drift out of the harbor to become little white triangles on a sea of blue. Discover the many personalities of the Pacific as it changes with different weather patterns. Out back enjoy the peace and quiet of an unspoiled canyon with all its varied wildlife. Enjoy watching the hawks soar and occasionally perch on your balcony railing to soak up the morning sun. Even deer have been known to stroll by back here. The view includes a peek at Mt. Baldy and a great view of Saddleback Mt. After a cold winter storm, both may be covered in snow showing off their clean, white caps. At night, the lights of Rancho San Clemente light up the adjoining hills giving off a city lights ambiance. The very large, pool sized backyard is a wonderful place to take all of this in. All while listening to soothing sound of the rock waterfall feature off to the side. Once inside, this home boasts a very hard to find downstairs primary bedroom! Complete with a nicely remodeled bathroom, it has a sliding glass door that let's you enjoy the peaceful back view from the moment you open your eyes each morning. No matter what your day is like, starting it off with the view of the hills, canyon, and beyond will start your day with a sense of calm. Upstairs you will find a bonus room that is a blank canvas. Equipped with a 3/4 bathroom, it can be used for anything you can imagine. It would make a great party room, hobby room, home gym, etc. High ceilings and a lot of windows to take advantage of the ocean and canyon views, it is filled with light. A gas fireplace makes it a cozy place to enjoy the night and city lights. The home is rounded out with 3 more bedrooms and a shared bathroom. Out front, the patio is another gathering point, where a firepit would go nicely. Come make this home yours and make it sparkle and shine while creating everlasting memories. No HOA's or Mello Roos. Some photos were digitally enhanced due to weather conditions. Make sure to see all owner photos.
Source: CRMLS #OC25085713
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 #OC25085713
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 and Equal Opportunity Act.