1405 Carneros Valley St Chula Vista, CA 91913
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About this home
Welcome to 1405 Carneros Valley Street, a beautifully renovated home in the sought-after community of Otay Ranch in Chula Vista. This property perfectly blends modern sophistication with comfortable living, offering an impeccable turnkey experience. Step inside and be greeted by a bright, open-concept living space defined by beautiful new Luxury Vinyl Plank (LVP) flooring that flows seamlessly throughout the main areas. High ceilings and crisp, white walls amplify the sense of space and light, creating a fresh and contemporary feel. The dual-level design features a striking staircase with dark wood and wrought-iron accents, complemented by a gorgeous wood-paneled feature wall that adds warmth and texture. This stunning home offers exceptional features beginning with a modern interior that showcases the contemporary aesthetic of a recently renovated residence, complete with recessed lighting and a neutral color palette ready for your personal touch. The spacious living areas benefit from an open floor plan that seamlessly connects the living room to the dining area, creating an ideal setting for entertaining guests or enjoying family gatherings. Among the luxury touches are the new LVP flooring, which is both stylish and durable, representing a fantastic upgrade for any homeowner. Buyer to verify all data
Source: CRMLS #250044155SD
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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.