705 Old Bridge Rd Fallbrook, CA 92028
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About this home
Welcome to Woodcreeka charming, well-established community tucked away in the scenic hills of Fallbrook. Ideally located on a quiet cul-de-sac, this beautifully updated single-story home offers privacy, comfort, and a wonderful sense of neighborhood charm. Built in 1980 and thoughtfully remodeled, this 3-bedroom, 2-bathroom home features 1,463 square feet of bright, inviting living space on a spacious 0.21-acre lot. Its the perfect starter home for anyone looking for peaceful suburban living with modern upgrades. Step inside to discover brand-new flooring, fresh interior paint, and a completely renovated kitchen featuring stylish cabinetry and contemporary finishes. Both bathrooms have been tastefully remodeled, and the home also boasts new light fixtures, closet doors, and energy-efficient windows throughout. A brand-new roof and solar panels add peace of mind and long-term savings. Outside, the private backyard is a true retreat with low-maintenance turf and plenty of space to relax or play. Just a short walk down the street, you'll find the neighborhoods common areaa sprawling greenbelt with palm trees and room to run, perfect for picnics, playdates, or simply enjoying the outdoors. Homes in Woodcreek rarely come on the market, and this one is move-in ready and sure to go quickly. Dont miss your chance to make this family-friendly haven your ownschedule a showing today!
Source: SANDIEGO #SW25131588
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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.