ASSUMABLE VA LOAN AT 2.75%. Welcome to this spacious 5-bedroom, 3-bath home in the desirable Lakes at Rancho El Dorado! Designed with room to spread out, this home features generously sized bedrooms and a comfortable floor plan with plenty of space for family and guests. The primary suite offers a walk-in closet and private bath complete with a double vanity and separate toilet room. Step outside to the backyard, where a covered patio provides the perfect spot for relaxing or entertaining, while the expansive yard offers a blank canvas ready for you to create your own private oasis. Be sure to check out additional remarks for a list of upgrades. UPGRADE LIST: New hot water heater 2024 New HVAC system 2022 New vinyl plank flooring baseboards through out 2025 Water loop and whole house water filter 2024 Cement pad and driveway extension for 3rd vehicle 2024/2025 4 washer and 4 dryer connections installed in garage 2021 Fresh insulation blown into attic 2022
Yes, as long as you meet the lender's credit (620+) and DTI requirements. You do NOT need to be a veteran to assume a VA loan — this is a common misconception.
You need to cover the seller's equity of $49,914. If you don't have that in cash, we can help structure secondary financing to cover the gap.
Yes — VA assumptions can be used for investment properties. You can rent this home out.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
The equity gap is covered. Closing costs and assumption fees still need to be confirmed.