455 Ponte Ave, San Marcos, CA 92078
4 beds · 3 baths · 2,380 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to sweeping views, an expansive lot and significant energy savings from owned solar! Perched atop a beautifully manicured 24,394 SF lot, this spacious two-story home is a gardener's paradise and offers a rare combination of indoor comfort, outdoor beauty, and unbeatable value. With multiple entertaining patio, mature, producing fruit trees, and panoramic views, this is California living at its finest. Start your day sipping coffee at sunrise on your extensive covered front patio -- also a phenomenal place to catch enviable views of 4th of July fireworks. Inside, the main level features a formal living room with fireplace, a bright and inviting family room, and a separate dining room located just off the well-appointed kitchen with ample storage, cherry cabinetry and stainless steel appliances. A deep closet under the stairs would make a wonderful walk-in pantry, and you'll love the spacious breakfast nook. Upstairs, the primary suite boasts a remodeled spa-like bath and large closet which create a luxurious private retreat. Three additional generously-sized bedrooms and full bath offer flexibility for family or guests, and one of the bedrooms has large windows offering postcard views of North County. The location couldn't be more ideal with quick access to the 78 freeway making the commute a breeze, and the convenience of close access to just about anything. In addition to nearby golf courses and theaters, you will find 149 restaurants within a 5-mile radius rated 4+ stars, giving you endless options for dining and local flavor. And in a time when everyone is looking to save money, this home stands out with no Mello Roos, no HOA fees, an extensive, 21-panel solar array which has eliminated any balance on electricity bills, and thoughtfully designed water-efficient irrigation. Whether you're entertaining under the stars, harvesting fruit from your backyard, or simply enjoying the sweeping views, this home is a rare find that checks every box. In addition to the owner solar, the present owner of 12 years has made other thoughtful improvements which include a new roof, beautiful stonework and paving in the rear yard, the complete remodel of all three bathrooms, a gorgeous carriage style garage door, whole house rain gutters, an extensive stamped patio in the front, new air conditioning, updated carpet and floors, and all new appliances and stone counters in the kitchen. Complete list of owner upgrades and improvements is available upon request.
Source: CRMLS #ND25074657
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #ND25074657
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.