218 Red River Dr Paso Robles, CA 93446
Your savings
About this home
Fantastic home in Paso Robles wine country! Come experience this wonderful 3 bdrm, 2 bath home, ideally located near schools, shopping, places of worship and, of course, the area’s world-class wineries. It’s even just a short drive from The Ravine Waterpark and Barney Schwartz Park! You’ll appreciate the fine curb appeal as you arrive. Once you enter the home the open floor plan, vinyl plank flooring, and high ceilings will immediately impress you. The living room is spacious and features abundant natural light and a cozy fireplace. Moving on to the kitchen you’ll marvel at it’s style and functionality. Stainless steel appliances and voluminous counter space are spectacular features! With the holidays approaching the big dining room is perfect for those family and friendly gatherings! The roomy master bedroom offers volume ceilings, sliding glass doors and walk in closet. The remodeled master bathroom has a beautiful glass-enclosed shower and dual vanities. The indoor laundry room is conveniently located near the bedrooms. Outside you’ll enjoy the big back yard that backs up to a large parcel, giving it a spacious and private feeling. Twin pergolas provide a touch of elegance and atmosphere! Solar system keeps the electricity bill down! Central heat and air conditioning complete this fabulous home making it comfortable year-round.
Source: CRMLS #NS25251638
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
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.