8535 Hillcrest Ave, La Mesa, CA 91941
3 beds · 3 baths · 2,192 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this beautiful La Mesa home, uniquely situated on two parcels at the end of a quiet cul de sac and just a 6-minute walk to La Mesa's bustling downtown! A generous driveway offers parking for 10-15 vehicles with a separate 4-car garage. Step into your formal entryway with beautiful wood-beamed ceilings and saltillo tile floors. This home's eclectic style pulls from all the best interior design genres to blend seamlessly into a wonderful curated experience. Off the entryway, the family room is drenched in natural lighting pouring in from all sides from multiple new oversized windows throughout. Wood beam ceilings, original refinished wood floors, and a gas fireplace add to the charm and coziness of the room. A newly remodeled kitchen has plenty of counter space for entertaining, loads of storage options, and newer appliances for peace of mind. A small breakfast room or optional office space is off the kitchen while a formal dining room is on the opposite end of the kitchen with expansive windows capturing the elevated city views. Step out onto your beautifully appointed patio to relax and entertain from sun up to sun down. Shared on this same floor are two bedrooms and two bathrooms. The primary bedroom offers wood-beamed ceilings again as well as a large-sized closet. Head downstairs and you will find a secondary living room with an attached bathroom, a large oversized 3rd bedroom as well as a dedicated laundry room and flex space currently used as a gym. This floor would make for a wonderful primary retreat with some changes OR as a completely separate unit.
Source: SANDIEGO #250024051
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 #250024051
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 and Equal Opportunity Act.