6390 Rancho Mission Rd Unit 202 Unit 202 San Diego, CA 92108
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About this home
Assumable 2.625% to all types of loan! Charming 2-Bedroom, 1-Bath Condo in Prime San Diego Location Move-in ready and perfectly positioned for the ultimate San Diego lifestyle! This well-appointed 2-bedroom, 1-bathroom condo offers comfortable living in one of San Diego’s most convenient locations. Whether you’re a first-time buyer, downsizing, or looking for an investment property, this home delivers both comfort and accessibility. Property Highlights 2 spacious bedrooms with ample natural light and closet space 1 full bathroom with modern fixtures Open-concept living area perfect for entertaining Kitchen with plenty of counter space and storage Private balcony/patio for outdoor relaxation. Step outside your front door and dive into relaxation! The sparkling community pool is just steps from your entrance, making it feel like your own private oasis. Perfect for morning laps, afternoon lounging, or entertaining friends and family. Unbeatable Location This condo puts you at the center of it all: Shopping made simple with multiple shopping centers nearby for all your daily needs Mall access for dining, entertainment, and retail therapy Freeway convenient location provides easy commuting throughout San Diego County Quick access to San Diego’s beautiful beaches, downtown attractions, and employment centers Perfect For Professionals seeking easy commute access First-time homebuyers looking for turnkey living Investors wanting a prime rental location Anyone who values convenience without sacrificing comfort Ready to make this your new home? Schedule your showing today and experience the perfect blend of comfort, convenience, and San Diego living!
Source: CRMLS #PTP2507806
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Close stress-free in 45 days, handled start to finish by Roam.
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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.