25681 Whip Rd Monterey, CA 93940
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About this home
Experience a rare opportunity in the gated community of Halcyon Heights, where privacy, ocean views, and the natural beauty of the Monterey Coast come together. Designed by acclaimed architect John Thodos, this transitional contemporary 4-bedroom, 3-bath home is situated on an expansive 1.11-acre lot at the end of a quiet cul-de-sac, offering a peaceful setting with panoramic views within the area's prized sun belt. Oversized windows at this elevated vantage point fill the home with light and showcase sunset views from every terrace. A reverse floor plan is thoughtfully designed to maximize views, with multiple outdoor spaces creating a seamless indoor-outdoor flow perfect for entertaining or quiet relaxation. The main level offers single-level living with a spacious primary suite and private terrace, plus open living, dining, kitchen, formal entry, laundry, and garage access. The lower level features 3 additional bedrooms, ideal for guests, an office, or a fitness space. A spacious yard is ideal for pets, gardening, play, and nature. Ideally located near Carmel, Monterey, & world-class golf, this architecturally detailed contemporary home offers a rare opportunity to enjoy the tranquility & natural beauty of one of the coast's most desirable neighborhoods.
Source: CRMLS #ML82010238
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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.