5502 Sandcliff Ln Unit 147 Unit 147 San Diego, CA 92154
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About this home
Welcome to 5502 Sandcliff Lane #147, a stunning corner end-unit Solmar Plan 2 model home—one of the last model homes sold in the sought-after Playa del Sol community and VA financing approved! This beautifully upgraded residence features 2 bedrooms, 2.5 baths, and a 2-car garage across approximately 1,310 sq. ft. of thoughtfully designed living space. Step inside to an open-concept main level filled with natural light, highlighted by a sleek modern kitchen with stainless steel appliances, quartz countertops, a large center island, and designer cabinetry. The primary suite includes a spa-like ensuite bath with dual vanities and a generous walk-in closet, while the secondary bedroom offers flexibility for guests, family, or a home office. Enjoy smart-home features including smart switches, smart garage door, and smart water heater for modern convenience. The community boasts resort-style amenities—an impressive clubhouse with a state-of-the-art gym, a heated pool complex with spa and hot tub, and two clubhouses (one for everyday use and another available for private events). Ideally located near shopping, dining, entertainment, and top-rated schools, with easy access to the 805 and 905 freeways, this home offers the best of modern South San Diego living—stylish, smart, and community-focused.
Source: CRMLS #250041750SD
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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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