2917 Cottage Ln Paso Robles, CA 93446
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About this home
Looking for an affordable clean home within nice neighborhood, close to schools, shopping and all the other wonderful things Paso Robles has to offer? Well you have found it at 2915 Cottage Lane of Paso Robles! This adorable home is conveniently located in the gated community of The Cottages at River Oaks. Walk onto the front porch and into a 3 bedroom, 2.5 bath home, covering 1192 sq ft, an open floor plan, high ceilings, laminate flooring and natural abundant light. Kitchen has quartz counter tops that opens to a dining area, that leads to a lovely private backyard that is all set with a drip system. Living room has built in cabinets and an electric fire place. Downstairs is also the half bath convenience for guests. Upstairs has all new carpeting, where you will find the three bedrooms. Primary bedroom has 2 full closets and it's own bathroom with quartz countertops. The garage is all with floor to ceiling cabinetry and extra storage. The Cottages community has everything you need! While it includes a heated pool & clubhouse, the HOA also includes the maintenance of the common areas, cable TV, high speed internet. This property is in close proximity to River Oaks Golf Course and hot springs, The Ravine water park, wineries, and easy access to HWY 46 and HWY 101. Don't miss this opportunity to own a great home in an amazing location!
Source: CRMLS #NS25230986
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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.