616 Jackson Dr Paso Robles, CA 93446
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About this home
Unbeatable Paso Robles Location with low interest rate VA assumable loan and concessions for rate buydown may be considered! This spacious 5-bedroom + bonus room, 3-bath home is nestled on nearly half an acre just minutes from downtown Paso Robles and Highway 101. Offering both convenience and versatility, this home is thoughtfully designed for multi-generational living or flexible use, featuring a professionally installed Stiltz home elevator for effortless access between floors. The main upper level boasts an open-concept kitchen with granite countertops, freshly painted cabinets, and a brand-new gas double oven. A bright living with wood burning fireplace, dining area, three bedrooms, and two bathrooms complete the upstairs. Downstairs offers two additional bedrooms (one is currently used as a kitchenette), a bathroom, a laundry room, and a bonus room—ideal for extended family, guests, media room or rental potential. Extensively updated with over $160K in improvements, including a brand-new HVAC system, solar panels that significantly offset electricity costs (no true-up charge), new 50-year tile roof, lifetime leaf filter gutters, tankless water heater, whole-house fan, and central vacuum. New waterproof vinyl plank flooring runs throughout most of the home. The fenced backyard features fruit and almond trees, two water fountains, misters on the back deck, and drip irrigation for easy landscaping maintenance. A large driveway with RV parking adds extra convenience. With a functional and versatile space, this over 5 bedroom home combines modern upgrades, efficiency, and an unbeatable location! This home has an incredibly low 2.6% interest rate on a VA Assumable Loan!
Source: CRMLS #PI25035616
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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.