332 Mahogany Gln Escondido, CA 92026
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About this home
This beautifully updated, single-level home is tucked away in the highly desirable Morningside Woods neighborhood. Located on a quiet cul-de-sac, this bright and open home offers comfort, convenience, and thoughtful improvements that support long-term value and a more energy conscious lifestyle. Recent upgrades include recently upgraded SPC Vinyl Flooring throughout, Full Interior Repaint, Removal of Popcorn Ceilings, Milgard Dual-Pane Vinyl Windows and Sliding Doors, Freshly Painted Exterior, New Rain Gutters, Soft Water System, and a High-Efficiency Heat Pump Water Heater. These updates bring durability, improved efficiency, and everyday comfort. As you enter, you are welcomed by a clean and open layout with vaulted ceilings and natural light. The living and dining areas connect easily and feature a cozy fireplace and direct access to a private patio, creating a seamless indoor-outdoor setting for relaxing or hosting. The kitchen includes a breakfast nook for casual meals. The primary suite offers dual closets and a private bath. Two additional bedrooms and the dining space provide flexibility for family, guests, or a home office. An attached two-car garage adds storage and everyday convenience. This location offers quick access to I-15, Hwy 78, shopping centers, Escondido High School, dining, parks, and military bases. You are also near the revitalized Grand Avenue and popular North County attractions. A single-level layout, modern updates, efficient systems, and an easy maintenance yard make this home a rare find in a peaceful and well-kept community. A great opportunity for buyers seeking comfort, function, and a home that supports their lifestyle today and moving forward. Come see why this home stands out.
Source: CRMLS #SW25249783
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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.