5402 Sand Arch Ln Unit 199 Unit 199 San Diego, CA 92154
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About this home
Immaculate corner unit! 2 bed/2.5 bath townhome located in the highly-desired Playa Del Sol community! This home has all of the modern touches with an open floor plan, sleek kitchen with stainless steel appliances, generously sized island, quartz countertop with tons of counter space, spacious pantry and an inviting main living area filled with wonderful natural light. The primary bedroom and bath offer dual sinks, oversized shower, and walk-in closet. It features a convenient upstairs laundry closet, extra closet space throughout and direct access from the attached 2 car garage. This resort-style community is VA approved and offers a pool, spa, kiddie pool, BBQ, clubhouse, gym and park. Located just minutes away from the beach, shopping, groceries, restaurants, and entertainment, you won't have to go very far for everything you need. You also have easy freeway access to the 805 and 905, to get you anywhere you need to go. Make this YOUR home today!
Source: CRMLS #250028771SD
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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.