8861 1/2 Los Coches Rd, Lakeside, CA 92040
3 beds · 2 baths · 1,945 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Move-In Ready Home with Expansive Views in Lakeside with Solar! Bask in breathtaking hillside views and stylish upgrades in this beautifully maintained 3-bedroom, 2-bathroom home, set on a generous 0.70-acre lot in the tranquil Rancho El Cajon area of Lakeside. This home offers gorgeous panoramic views of lush greenery, neighborhood and local mountains, best enjoyed from the oversized backyard deck and open-concept living area that is filled with natural light. The bright and airy interior creates a warm, welcoming atmosphere that truly feels like home. Inside, you'll find large, spacious bedrooms including a generous master suite with private slider access to the back deck, a walk-in closet, and a beautifully appointed en-suite bathroom featuring double sinks with granite countertops and a spa-inspired shower and soaking tub. Each bedroom is equipped with a ceiling fan for added comfort and energy efficiency. The kitchen is a standout, offering an abundance of counter space and a large center island perfect for cooking while taking in the stunning views. It was upgraded in 2024 with a brand-new stove and sink and is complemented by a 2023 refrigerator. The home also includes updated paint in 2020 and 2025, elegant crown molding throughout, a washer and dryer purchased in 2019, and a water softener system installed in 2009. Additional features include a two-car garage, ample parking for six or more vehicles or an RV, a Tesla solar system, and a roof replaced in 2017. The level side yard offers space for a pool or workshop, and the property is tucked away on a private road in a peaceful neighborhood. The age of the hot water heater is unknown. Nestled in the western foothills of the Cuyamaca Mountains, Lakeside is a community known for its rural charm, natural beauty, and equestrian-friendly atmosphere. Residents enjoy easy access to outdoor recreation, including boating and fishing at Lake Jennings and El Capitan Reservoir, as well as scenic hiking trails at El Capitan Preserve. The town also offers a vibrant community center, highly rated schools, and year-round events that reflect its welcoming and down-to-earth spirit.
Source: CRMLS #ND25079797
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: CRMLS #ND25079797
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.