4826 Meadow Lark Ln Paso Robles, CA 93446
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About this home
Enjoy Lake life in this three bedroom two bath home is located in a desirable neighborhood in the gated community of Heritage Ranch. Meadow and mountain views from your front porch invite you to sit outside with your morning coffee or an evening glass of wine while you watch the sunset. There are cathedral ceilings and oak beams in the step down living room and in the kitchen and family room area. The kitchen is open to the family room and dining areas and offers granite counter tops, stainless steel appliances, a breakfast bar with pendant lights, and plenty of storage. Relax by the wood burning stove in the family room area on cold winter nights. There is an indoor laundry room with additional storage and access to the back yard. You can also access the back yard from the kitchen. In addition to space for entertaining and barbecuing, the yard offers an upper level perfect for a firepit or spa and backs up to open space. The spacious primary bedroom has a large walk in closet, dual sinks in the bathroom and a french door to the yard. Down the hall are two additional bedrooms and a full bathroom. The garage has cabinet storage, pull down attic access as well as access to under house storage. Community amenities include gated entry private launch ramp, swimming pools, tennis courts, pickleball courts, recreation barn, senior center, equestrian center, riding and hiking trails, dog park, market, fitness center, and gas station. Call your realtor today!
Source: SANDIEGO #NS25131325
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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.
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