1145 Privet St San Marcos, CA 92069
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About this home
Rarely Available 3BR/3BA Townhome in Avocado Gardens! Look no further than this thoughtfully remodeled, gated-entry townhouse nestled in the quiet Avocado Gardens community. This unit offers unmatched privacyno units above or belowalong with vaulted ceilings and a sunken living room and large windows which allow for ample natural light. The modern kitchen, featuring stainless-steel appliances, seamlessly flows into the dining area and living roomperfect for entertaining. The main level showcases updated flooring, shutters, fireplace and a living room and outdoor space great for entertaining. Community amenities are second to none: enjoy access to a pool, hot tub, dog park, BBQ and picnic areas. Plus, youre just minutes from Highway 78, shopping, dining, and more. Complete with a one-car garage, assigned parking, and HOA that covers maintenance and amenities, this home is both functional and beautiful.
Source: SANDIEGO #SW25193714
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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.