649 Mosaic Cir, Oceanside, CA 92057
4 beds · 3 baths · 2,254 sqft
Fully renovated from top to bottom with approximately $300k in high-end finishes by the owners, this bright and spacious Rancho del Oro home nestled upon a peaceful cul-de-sac awaits! Bathed in natural light throughout, enjoy a warm and inviting atmosphere. The first floor features a beautifully remodeled kitchen with sleek quartz countertops, a large family room, and formal dining and living rooms perfect for both casual living and entertaining. A full bedroom and bath with walk-in shower on the main level are ideal for guests or as a convenient home office. Plus, the fully updated indoor laundry room adds an extra touch of convenience. Upstairs, the expansive primary suite offers a tranquil retreat, while two additional bedrooms and a full bath provide ample space for family or guests. The large, private backyard is perfect for entertaining or enjoying San Diego’s beautiful weather, offering plenty of space for outdoor activities. Additional features include solar power, air conditioning, a whole house fan, and a 3-car attached garage for ample storage. With low HOA fees and close proximity to top schools, Guajome Regional Park, shopping, and freeways, this home offers the ideal blend of comfort, convenience, and quality living. Enjoy being less than 20 minutes from the ocean for year-round outdoor enjoyment. As an added bonus a VA-qualified buyer could assume the existing low VA interest rate! Don’t miss out on this exceptional opportunity!
Source: SANDIEGO #250020684
Send questions to support@withroam.com
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: SANDIEGO #250020684
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.