38058 Highway 94 Boulevard, CA 91905
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About this home
Luxury Ranch Property with income potential! Discover serenity and luxury living on 20 picturesque acres in East San Diego County! This stunning property offers privacy and endless possibilities for the discerning buyer. Property Features: Home: A beautifully appointed 3 bedroom, 2 1/2 bath home with all the modern upgrades. Enjoy an updated kitchen with quartz counters, soft-close doors and drawers, top-of-the-line appliances, and a spacious kitchen island. Each room boasts abundant storage, perfect for comfortable living. Den/4th Bedroom: Use the den as a spacious man cave, an art/craft room, or convert it into a 4th bedroom as needed. Garage: An oversized three-car garage provides ample space for storage and includes a workshop area. Outbuildings: Includes a quonset for farm implements or recreational toys, catering to various interests and needs. Land: Divided into areas suitable for pastures, corrals, vineyards, or any agricultural pursuit you desire. Property has a well for your water needs. Solar generating electricity for lower utility bills. Ideal for: Country Farmer: Perfect for someone passionate about agriculture and seeking a self-sustaining lifestyle. Rancher: Ideal for raising livestock with ample pasture and corral space. Vintner: A dream property for cultivating vineyards with irrigation infrastructure already in place. Additional Highlights: Spanish Hacienda Motif: The architecture and style of the home exude charm and appeal. This property features 4 full-hookup recreational RV spaces. This unique property offers a rare opportunity to own a luxurious home with income-generating potential in a tranquil setting. Whether you're looking for a private retreat or an entrepreneurial venture, this ranch is ready to fulfill your dreams.
Source: CRMLS #PTP2505646
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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.