1390 Santa Victoria Rd Unit 6 Unit 6 Chula Vista, CA 91913
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About this home
WOW! VA AND FHA APPROVED. OTAY RANCH, ***VERY LARGE CORNER TOWNHOUSE*** ONLY JUST 5 YEARS OLD, ELEGANT, IN GREAT CONDITION, LARGE 4 BEDROOM, 3.5 BATHS, 1,828 SF, IN WONDERFUL HIGHLY SOUGHT AFTER, OTAY RANCH. MONTECITO VILLAGE AREA. HOME HAS IT'S OWN FRONT AND SIDE YARD. VERY LARGE, COVERED DECK, IN CORNER, ON 2ND FLOOR, SIZE 10X10, FULLY FURNISHED, WITH SUPER NICE PATIO FURNITURE, IT STAY. VERY LARGE, BEAUTIFUL KITCHEN, VERY LARGE, WALK IN PANTRY. FULL SIZE, SIDE BY SIDE, VERY NEW, WASHER & DRYER IN CLOSET. WHATEVER FURNITURE THERE, WILL STAY, INCLUDING A PRETTY MUCH BRAND NEW, VERY LARGE LUXURY SECTIONAL RECLINING SOFA. FURNITURE INCLUDING, TWO LARGE FLAT SCREEN TVs. VERY NICE, APPLIANCES, ALL STAY. JACK & JILL (DOUBLE SINKS) IN MASTER BATH, SEPARATE SHOWER AND DEEP BATHTUB AND SEPARATE TOILET ROOM. EVERY ROOM HAS A FAN, LIVING ROOM AND MASTER BEDROOM HAVE INVISIBLE FANS. LARGE GARAGE HAS ELECTRIC CAR PLUG-IN, WITH TONS OF STORAGE, RACKS. ENOUGH ROOM FOR A SMALL OFFICE, WHILE STILL HAVING ENOUGH SPACE FOR 2 CARS. BEDROOM WITH FULL BATH ON FIRST FLOOR. IT COULD BE USED AS, GUEST ROOM, OFFICE, ROOMATE, OR WHATEVER YOUR HEART DESIRES. HOME IDEAL FOR A LARGE FAMILY, OR ROOMATES. PLENTY OF PARKING, FANTASTIC KIDS PLAYGROUND, KIDDY POOL, POOL, SPA, CLUB HOUSE, GYM, PARK, TENNIS COURTS, BASKETBALL COURT AND MORE. SIMPLY FANTASTIC, IN A FANTASTIC COMMUNITY. CENTRALLY LOCATED. AWESOME SCHOOLS.
Source: CRMLS #250031040SD
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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.