17180 Mile High Rd Julian, CA 92036
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About this home
**VA ASSUMABLE LOAN AT 2.65%** Experience mountain living at its finest in Julian, CA with this exceptional log cabin retreat perched atop a hill offering unparalleled views of San Diego County, providing a true mountain sanctuary. This expansive log cabin boasts six bedrooms & 4.5 bathrooms, A private well, a Generac whole house automatic backup generator, and private patios on both floors. There are also fruiting apple & olive trees dotting the landscape this property offers privacy and tranquility rarely found in the area. The fully finished downstairs unit features three bedrooms, a full bathroom, laundry facilities, a new fully upgraded kitchen, and pantry, presenting exciting rental possibilities for both short and long-term potential! The downstairs area that features has been recently used as a successful short term rental. Please reach out for more details! **Location Highlights:** - Julian is renowned for its apple picking in the fall, classic gift shops, and museums. - Designated as a dark sky town, Julian offers exceptional stargazing opportunities, with the Milky Way visible to the naked eye during the season. - Enjoy close proximity to downtown historic Julian, just a 10-minute drive away, where you can indulge in famous apple pie and immerse yourself in gold rush-era charm. - Nearby amenities include gas stations and the Julian Grocery Market, ensuring convenience for everyday needs. - Experience the magic of snowfall in Julian, the only place in San Diego County to receive snow every year, while still maintaining privacy atop the mountain. - Within a 5-minute drive, encounter the only wolf reserve in California, where on quiet nights, you can faintly hear their howls from your deck. Don't just invest in a home; invest in an experience. Embrace the unparalleled beauty and tranquility of mountain living in Julian, CA.
Source: CRMLS #SW23206387
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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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