1809 Soto St Seaside, CA 93955
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About this home
Curved brick archways lend texture and distinction to this single-level home in Seaside. With a manicured rose garden in front and ocean views in the back, the property fully immerses residents in the sublime beauty of California's Central Coast. Whether preparing lunch in the kitchen, reclining in the living room, or indulging in an afternoon nap as a light breeze flows through an open window in one of four bedrooms, you'll always know exactly where you are. Just moments from some of the area's most beloved restaurants and minutes from Del Monte Beach, here is an opportunity to claim for yourself unmatched proximity to the Monterey Peninsula (and all the luxuries that come with it). That signature curve of the coastline as it runs along Cannery Row is unmistakable. Here, you can see it as you cook over your five-burner gas range, or relish a hot cup of espresso at the breakfast bar before starting your day in bliss. Attractive square-paned glass doors slide open in the kitchen to reveal an enormous back deck where the seascape continues. Gather here with friends around the fire pit on cool fall evenings to watch crimson sunsets. Bite into a ripe apple straight off the tree, or pick a juicy lemon to squeeze over your salad or into a fizzy cocktail. Let yourself live gorgeously.
Source: CRMLS #ML82027861
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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.