1278 San Vicente Rd Ramona, CA 92065
Your savings
About this home
2.25% ASSUMABLE LOAN FOR VETERANS! This is it! This outstanding 4 br, 2 ba, 2 car garage estate comes complete with solar, dual paned windows, one fenced, flat acre,, and a very functional 30 X 30 detached workshop with 10 foot double roll up doors. This versatile ranch is the perfect blending of a family sanctuary, a mini farm possibility, and the potential for a home business. Stepping Inside the home, you will appreciate 2 fireplaces, two living spaces and a well organized kitchen for all your culinary needs. The ample primary suite is situated at the rear of the home offering privacy and direct access to the back yard. The the additional spacious 3 bedrooms offer the ability to have a home office and room for the kids and guests! Once outside, the 30 X 30 workshop with its double 10 foot roll up doors provides room for a home business, tinkering, motorhome, and boat storage! The flat, usable, acre of land that comes with a horse/livestock corral and several mature fruit trees, is a blank slate waiting for your creativity! Whether you want to plant a garden, have livestock,, or just have room to breath, this property has it all! Conveniently located near schools and town you have plenty of exposure to advertise your business or someone elses as an income opportunity! This one checks all the boxes! Come make this Gem yours today! (Solar panels to be paid off at close of escrow.)
Source: SANDIEGO #PTP2506449
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.