5531 Old Ranch Rd # 49, Oceanside, CA 92057
3 beds · 3 baths · 1,365 sqft
Get a free consultation call with an expert in the mortgage assumption process.
*One of 3 Premium View Condos* "Nestled in a serene and exclusive community, this stunning condominium presents a rare opportunity to own a premium lot, meticulously maintained for the ultimate in luxury living. With breathtaking views of the pool, trees, and community area, this tranquil retreat offers an added layer of privacy. Perfect for indoor-outdoor living, the expansive patio and second-story balcony off the master bedroom invite you to bask in sunset vistas and savor morning coffee. Inside, discover an array of thoughtful upgrades, including custom cabinetry for ample storage, a bespoke entertainment center tailored for a large-screen TV, and ceiling fans in every bedroom. Additional features include a whole-house fan for efficient cooling and an attached two-car garage with elevated storage platforms. Residents of this esteemed community enjoy a worry-free lifestyle due to well funded reserves of the HOA. The monthly dues cover structural maintenance and insurance, trash services, and meticulous landscaping. With a robust reserve funding of 97%, homeowners can rest assured against special assessments. Additional highlights include a comprehensive appliance package, featuring a gas range, microwave, refrigerator, dishwasher, washer (2024), dryer, and optional upright freezer. Recent upgrades comprise a new water heater (2024) and a convenient water re-circulator. The Garage door is insulated. Ideally situated, this community offers a tranquil atmosphere, and proximity to local parks and the beach. Embodying the essence of low-maintenance, resort-style living, this
Source: SANDIEGO #NDP2503052
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: SANDIEGO #NDP2503052
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.