Nestled in the hills of Santee, this meticulously maintained, light and bright 3-bedroom, 3-bath plus office/optional 4th bedroom tri-level townhome offers 1,795 sq. ft. of stylish and functional living in the highly sought-after, gated community of Sky Ranch. This desirable end-unit features a spacious, enclosed entry courtyard, perfect for relaxing or entertaining, and leads into a versatile lower-level bonus room/office or optional bedroom with its own half bath. The main living level showcases an inviting open-concept layout highlighted by a generous family and dining area with recessed lighting and direct access to a private covered patio. The gourmet kitchen is beautifully appointed with granite countertops, white cabinetry, stainless steel appliances, gas cooktop, pantry closet, and abundant counter and storage space. A separate breakfast nook or workspace adds flexibility, while a full-size laundry room with upper cabinets completes the main floor. The primary suite offers peaceful valley and mountain views, dual connected walk-in closets, and a modern en-suite bath featuring dual sinks, extended counters, and contemporary fixtures. Additional bedrooms are well-sized and thoughtfully placed for privacy. Upgrades and features include: luxury vinyl plank flooring throughout the lower and main levels; carpet in bedrooms and upper hall/stair areas; dual-pane windows and plantation shutters throughout; central A/C and ceiling fans; tankless water heater; neutral gray paint with crisp white trim; attached oversized two-car garage, finished with custom SwissTrax flooring overlay. Residents of Sky Ranch enjoy resort-style amenities, including a sparkling pool and spa, playground, pet waste stations, and multiple built-in BBQ areas—all within a beautifully maintained gated community. Just minutes from shopping, dining, schools, lakes, and scenic hiking trails, this move-in-ready home offers comfort, convenience, and community all in one exceptional property.
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.
