832 Calle Pluma, San Clemente, CA 92673
3 beds · 4 baths · 1,524 sqft
Incredible unobstructed sit down ocean and Catalina island views await from this turnkey north San Clemente home. Enjoy the benefit of indoor/outdoor living from this spectacular home which boasts two generous ocean view decks and a spacious and private back patio. A newly remodeled kitchen offers ample storage space, brand new appliances, shaker style cabinets, and quartz counters. The main living area offers new laminate flooring, an electric in-wall fireplace and is perfectly oriented to take in the endless pacific views. The upper level offers an enormous ocean facing primary suite with doors that open to another deck. Two secondary bedrooms and a bathroom complete the layout. An oversized two car garage features a workshop area complete with a half bathroom. Ocean Hills amenities include a central swimming pool, sports court, and a nine hole pitch and putt golf course. Conveniently located to shopping, restaurants, and has great commuter access to I-5. You will be blown away by the views this home has to offer!
Source: CRMLS #OC25037624
Financials
Source: CRMLS #OC25037624
Source: Public records
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%. 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.
Other resourcesWhat 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.