Better Than New – Modern 2023 Built Home with Solar, Spacious Lot & Designer Finishes Welcome to this beautiful move-in-ready home built in 2023, offering the perfect combination of modern design, energy efficiency, and comfortable living. This spacious 3-bedroom, 2.5-bath residence features approximately 1,583 sq. ft. of thoughtfully designed living space with an open-concept floor plan ideal for both everyday living and entertaining. Situated on an expansive 8,194 sq. ft. lot, the property offers exceptional outdoor space rarely found in newer homes. The stylish kitchen showcases granite countertops, stainless steel Whirlpool appliances, ample cabinetry, and a seamless flow into the dining and great room areas. Luxury Mohawk vinyl flooring extends throughout the main living spaces, while the upstairs bedrooms and versatile loft provide warmth and comfort with premium carpeting. The flexible loft area is perfect for a home office, children’s playroom, second living space, or media room. The spacious primary suite offers a private retreat with a well-appointed bathroom and generous closet space. Conveniently located within walking distance to Columbia Middle School, this home is an excellent choice for families seeking both comfort and accessibility. Enjoy the benefits of an energy-efficient solar system, modern construction, and low-maintenance living in one of Adelanto’s growing newer communities. This is an excellent opportunity to own a nearly new home with a large lot, premium finishes, and a desirable location without the wait or additional costs of new construction. Schedule your private showing today.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
