24849 Pappas Rd Ramona, CA 92065
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About this home
VA Assumable Loan! This property has a fabulous layout with primary suite on one side and other bedrooms on the the opposite side of the home. Single Level! 3 Car attached garage, plus one outside parking space. The property has a light and bright ombiance with high ceilings and loads of natural light. There are separate dining room, living room and family rooms, 2 fireplaces, LARGE kitchen with center island and gas cooking! PLUS solar w/back up batteries! Fully fenced yard! See supplemental remarks for more info VA ASSUMABLE LOAN!!! This home has a floor plan that is a dream come true! Primary suite is located at the right side of the home and the remainder of bedrooms are at the left side of the home! There is a solar lease with back up batteries (lease needs to be assumed) There are separate dining room, living room and family rooms. 2 fireplaces, vaulted ceilings and loads of natural light plus an attached 3 car garage, separate laundry room and a fully fenced yard. The kitchen is a dream for the inspiring chef! Gas cooking, lots of counter space, pantry and a center island that will surely make it a gathering space when you entertain. The home is located in one of the largest home owners associations in CA. San Diego Country Estates. With around 3800 homes, the amenities are amazing! There are 2 large pools, one heated year round,pickle ball/tennis courts, sport courts including basketball and volley ball, 2 childrens parks, both fenced and with plenty for the kiddos to have a lot of fun! There are hiking trails close by and horse riding trails that expansive with over 12 miles to enjoy the surrounding terrrain and beautiful mountain areas. There is a large covered picnic area with BBQ area and raised stage with electric access for your favorite band to play. There are concerts in the park every summer (through October) free to owners and their friends...just bring your comfy chairs and enjoy ! If you garden, there is free mulch provided by the assocation. There golf course putting green is free to all owners to practice their putting skills. The driving range is available at a low cost for a bucket of balls and there is a free golf practice area for chipping and sand bunkers to keep your skills sharp. The golf club is one of the best deals for membership you will find anywhere in San Diego, so you will want to check the plan that will work for your for cost to join. There is a large horse arena that is free to use to enjoy while riding your horse. There is a large riding area and 2 separate boarding facilities (check with cost to board your horse with the assocition also) and there are 2 dog parks so the fur babies get their excercise and meet other dog lovers! Last there is a waiting list for RV parking behind a gated area. Again...check with the association regarding availability and cost. And... there is a hotel/lodge available at owner rates for overflow guests, a restaurant and lounge with weekend live music! San Diego Country Estates has something for EVERYONE!
Source: SANDIEGO #250032668
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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.