706 Hanson Ln Ramona, CA 92065
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About this home
Wow! Better hurry by! So many upgrades here! In 2025 new front yard landscaping & sprinklers, new Pentair pool filter, new ceiling fans & light fixtures, and new roofs on the chicken & well pump house! In 2024 new asphalt driveway! In 2023 new Owens Corning 50 year composition roof, new Bradford White 50 gallon water heater, a completely rebuilt septic tank, new Trex pool deck, new decomposed granite walkways & gravel installed, new backyard landscaping with a fully automatic 7 zoned irrigation system, and new leaf filters on the rain gutters! In 2022 new LVP installed throughout the house, fresh interior paint, complete pool remodel, electrical panel upgrade! In 2019 new energy efficient windows, new California Room roof & renovation! In 2017 new Tex-Cote heat reflective exterior painting, 26 panel solar system (paid for)! In 2016 new American Standard 5 ton AC/Heat Pump! Other features include a high volume 70ft deep irrigation only well, an 800sf workshop with 110 & 220 available, a 300sf animal shed, an all usable flat 1.13 acre lot, no HOA or Mello-Roos, a 7 panel pool solar system and walking distance to the local schools! And only minutes from Main Street! Fruit trees such as fig, pomegranate, grape, avocado, grapefruit, naval orange, plum, nectarine and olive produce lots of fresh fruit! Plenty of room for a garden or two! Great cellular service & strong internet access too! Attractively priced, the seller will entertain Cash, Conventional, FHA and VA offers! Don't miss out on this outstanding opportunity!
Source: CRMLS #250042488SD
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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.