16614 Wikiup Rd Ramona, CA 92065
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About this home
Assumable Financing Available. Welcome to this warm and inviting ranch-style home in San Diego Country Estates. Filled with natural light, this thoughtfully designed floor plan offers 4 bedrooms and 3 bathrooms on a spacious 0.44-acre corner lot. Interior highlights include durable LVP flooring, plantation shutters, crown molding, and a beautifully appointed kitchen with stainless steel appliances, granite countertops, and a breakfast bar that opens to the family room with vaulted ceilings and a cozy fireplace. The private primary suite features exterior patio access, a walk-in closet, and its own en-suite bathroom, while the remaining bedrooms are thoughtfully located on the opposite side of the home for privacy. Step outside to enjoy multiple outdoor spaces, including a gated front porch and a private patio off the primary suite. The property also offers abundant parking with space for an RV or boat, plus energy-efficient solar. San Diego Country Estates provides resort-style living with 2 equestrian centers, 2 pools and spas, an 18-hole golf course with restaurants and a pro shop, lighted tennis courts, and miles of hiking, biking, and riding trails. A perfect blend of comfort, functionality, and lifestyle awaits!
Source: CRMLS #250040736SD
Loan details
Neighborhood
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Close stress-free in 45 days, handled start to finish by Roam.
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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.