5944 Rio Valle Dr, Bonsall, CA 92003
4 beds · 3 baths · 2,329 sqft
Get a free consultation call with an expert in the mortgage assumption process.
***VA ASSUMABLE LOAN AT 3%!!!!*** ***PAID OFF SOLAR!!!*** Discover the perfect blend of peaceful living and convenience in this spacious 4-bedroom, 3-bathroom home, located in the desirable Bonsall, CA. Featuring a fully paid off solar system, and boasting 2,329 square feet of beautifully upgraded interior space and sitting on an almost half-acre lot, this property offers room to grow and plenty of space to entertain. As a bonus, this home also features an assumable VA loan for qualifying buyers who are looking to save on costly interest rates. This beautifully upgraded home features freshly painted interiors, modern finishes, and luxurious updates throughout. The expansive living area flows effortlessly into the dining room and newly painted chef’s kitchen, complete with a double a oven setup and stainless appliances. Whether you're entertaining friends or relaxing with family, this home’s design is perfect for all occasions. The master suite is an absolute retreat, boasting a spacious layout, a walk-in closet, and a remodeled en-suite bathroom with elegant features. The additional three bedrooms are generously sized, offering plenty of space for guests, home offices, or growing families.Don’t miss out on this incredible opportunity—homes like this go quickly!
Source: SANDIEGO #250022194
All values shown are estimated costs / mo.
Source: Public records
Source: SANDIEGO #250022194
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.