1175 La Moree Rd Spc 7 Unit 7 San Marcos, CA 92078
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About this home
Welcome to the 55+ community at La Moree Estates! Discover comfortable and convenient living in this beautifully maintained 2-bedroom, 2-bathroom manufactured home located in desirable San Marcos, with owned land! Enjoy easy access to Highway 78 and I-15, plus resort-style community amenities including a clubhouse, pool, gym, library, RV parking, greenspace, and picnic areas. This spacious 1,536 sq. ft. single-story home features a light and open layout with a living room, family room, dining area, and open kitchen with a large island—perfect for gatherings. The interior and ceilings were freshly painted, and several new updates add to the appeal, including a newer dishwasher, oven, garbage disposal, and porch fencing. The primary suite includes a private bathroom with a walk-in tub for added comfort and accessibility. Additional highlights include laminate flooring throughout (no carpet), a ramp for easy access, and a large laundry room with side-by-side washer and dryer hookups plus extra storage. Step outside to a spacious backyard with a fenced area, ideal for a pet or private garden. The property also features two covered carports, a large shed, and additional storage space under the carport. Best of all, the land is owned—no space rent—and the home includes a 433A foundation, making it eligible for various types of financing, including VA. The HOA covers water, trash, cable, and high-speed internet, providing great value and convenience. Enjoy the active and welcoming lifestyle that La Moree Estates offers—walk to the clubhouse and pool and take advantage of all the community has to offer.
Source: CRMLS #NDP2510031
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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.
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