681 Daniel Dr, Santa Maria, CA 93454
4 beds · 3 baths · 2,613 sqft
Discover this timeless charm and modern comfort in this beautifully updated single story custom-built home on a spacious corner lot, in the heart of down town Santa Maria. Built in 1993 but the home is now like a 2025 home inside. This 4 bedrooms, 3 baths home offers ideal blend of style functionality. This light filled kitchen, with sleek cabinetry, large breakfast bar plus dining area and has ample counter space plus lots of cabinets is perfect for the gourmet cook and perfect for entertaining. Beautiful family room with a modern fireplace and tongue and groove ceilings flows seamlessly to a private brick-paved patio and backyard, perfect for hosting guests or enjoying peacefull evenings outdoors. Retreat to the luxurious master suite, featuring massive walk-in closet and spa like en-suite bathroom with a soaking tub dual vanities and double shower. The home includes a c convenient indoor laundry area, with a huge attic area large enough that could be use for room or storage, Durable life-proof flooring throughout Additional highlights include raised garden beds, possible RV parking and prime location just steps from major shopping centers, restaurants, Post Office, plus so much more. Run don't walk to see this now Modern Home.
Source: CRMLS #PI25018000
Financials
Source: Public records
Source: CRMLS #PI25018000
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.