1922 Strata St Unit 8 Unit 8 Chula Vista, CA 91915
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About this home
Beautiful Corner Townhome in Sought-After Millenia! Rarely available three-story corner unit in the highly desired Millenia community! This spacious townhome features an open-concept living area that seamlessly connects the living room, dining room, and kitchen perfect for modern living and entertaining. The chef’s kitchen boasts elegant quartz countertops, shaker cabinets, a custom wood island, and stainless steel appliances. Natural light pours in through large windows and the balcony off the living room, highlighting the home’s beautiful custom stacked-stone accent wall. Enjoy energy efficiency with paid solar and a tankless water heater to help lower monthly costs. The first floor offers a full bedroom and bathroom with its own private patio ideal for guests or multigenerational living. Upstairs, you’ll find three additional bedrooms, including a stunning primary suite with a walk-in closet and a luxurious bathroom. The laundry room is conveniently located on the top floor. Step outside and enjoy everything Millenia has to offer a sparkling pool, parks, dog park, community garden, and more. All just minutes from Otay Ranch Town Center, dining, and freeway access.
Source: CRMLS #PTP2507848
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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.