3930 60th St Unit 171 Unit 171 San Diego, CA 92115
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About this home
Tucked away in a secure gated community in the heart of the College Area, this beautifully updated townhome offers a perfect blend of comfort, character, and functionality across three thoughtfully designed levels. The main floor is made for entertaining, featuring a bright and modern kitchen, a dedicated dining area, a cozy living room with a fireplace, and a convenient powder room. Upstairs, you'll find a spacious primary suite and a generously sized guest bedroom with its own full bath. The lower level provides a versatile bonus space with a large laundry/storage area, ideal for keeping your home organized. Enjoy the privacy of your own front yard and a spacious balcony overlooking the landscape, plus the ease of an attached 1-car garage and a separate assigned parking space. With low HOA fees covering water, trash service, landscaping, and common area maintenance, this home offers incredible value. The complex is both VA and FHA approved - and best of all, the property comes with an assumable VA loan. This location is centrally located in San Diego with easy access to I-8 and HW-94. A short drive to downtown, the airport, Target, Sprouts, Trader Joes, Walmart, Mission and Fashion Valley Malls, and so much more. SDSU is just minutes away, and University Ave and El Cajon Blvd offer many restaurants and coffee shops right around the corner.
Source: CRMLS #250042333SD
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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.