5503 Whispering Pines Ln Paso Robles, CA 93446
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About this home
Escape to your private 7.7-acre retreat at Running Deer Ranch, located at Lake Nacimiento. This stunning home offers 2,356 sq ft of living space, perfect for both relaxation and entertaining. Step inside to an open-concept floorplan featuring a recently renovated kitchen with granite countertops, custom cabinetry, and stainless steel appliances. The dining room is bathed in natural light, thanks to its abundant windows and French doors. In the living room, you'll find a striking wood-burning fireplace with a gorgeous stacked stone surround and glass doors leading to an expansive deck, where you can soak in serene views of the cove. The original cabin, constructed from pre-World War II-era logs, now offers a unique and special blend of historic charm and stylish modern upgrades and conveniences. On the lower level, you'll also discover your primary retreat with a walk-in closet complete with organizers, plus a spacious en-suite bathroom with custom tilework and a glass-enclosed shower. A convenient powder room with a beautiful vanity and a large laundry room round out the lower level. Upstairs, you'll find two additional bedrooms, a full bathroom, and a bonus room that could easily serve as a 4th bedroom. From this level, enjoy sweeping views of the surrounding mountains, forest, and the sparkling waters of the cove, as well as Lake Nacimiento in the distance. Outside, relax on your newly constructed deck or paver patio, where you can take in the sights and sounds of nature in this tranquil, secluded setting. The acreage is dotted with oaks, a seasonal creek and offers room to expand, as well. Additional negotiable items offered separately include select furnishings, washer, dryer, freezer, and dock. The property also features 2 storage sheds and covered parking for both vehicles and your boat. "The Point" day-use picnic park and launch area is just a few minutes away, making it easy to enjoy your lake days. You'll also love the drive drive to your serene retreat, which takes you through the scenic vineyards and rolling hills of Paso Robles wine country. Don’t miss this one-of-a-kind property—call today!
Source: CRMLS #NS24243511
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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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