1105 Via Prado Fallbrook, CA 92028
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About this home
Freshly Painted! Huge lot with Detached Workshop! RV Parking, Single Level! Children can walk to school! Welcome to your next home, a spacious and charming 4-bedroom, 3-bathroom singe family home nestled on a generous 0.34-acre lot in beautiful Fallbrook. With 2,000 sq. ft. of living space and two living rooms, there's plenty of room for relaxation, entertaining, and making lasting memories. Steps from nearby schools! A standout bonus is the detached workshop/garage, offering excellent space for hobbies, projects, or extra storage. This warm and character-filled home features a blend of hardwood and tile flooring, exposed wooden beams, and a cozy layout ideal for growing families. Step into the backyard and discover your personal retreat: a covered patio for shaded gatherings, a custom wooden bar for weekend entertaining, a fire pit for evening hangouts, and a kids’ play set that’s perfect for little adventurers. There’s even space for a garden! Originally built in 1973, the home is move-in ready and full of potential. While it could benefit from a few updates, it's the perfect canvas for your personal touch. If you're looking for charm, space, and value, this is it. This one won’t last long!
Source: CRMLS #NDP2510131
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.