This meticulous modern townhome offers 1,557 square feet of well-designed living space, featuring 3BR, a versatile loft, 2.5BA, and a two-car garage. The residence embodies both style and luxury, situated in a premium location within the highly sought-after gated community of The Peak at Delpy’s Corner in Vista. Enhancements include Ravenswood Oak luxury vinyl plank (LVP) flooring throughout the downstairs area in 2026. This upgrade not only adds to the aesthetic appeal but also ensures durability and easy maintenance. The Kitchen features stone counters, full height backsplash, white cabinets, stainless-steel appliances, refrigerator and the stylish pendant lighting over the gourmet Island add convenience and flair! The living room features a flat screen TV and flows seamlessly into the dining area and kitchen, creating an open concept layout that is perfect for entertaining and everyday living. Upstairs loft offers additional living space that can be used as a home office, a relaxation area, or even both, providing flexibility. The primary suite is designed with comfort in mind and includes a spacious walk-in closet for ample storage. The laundry room, located upstairs, is equipped with cabinets, washer and dryer. This smart home comes with a Ring doorbell, keyless entry, whole house fan, and the solar panels offer energy-efficient living. The two-car garage includes storage racks, a tankless water heater, and an EV level 2 outlet for faster electric car charging. The gated front patio provides plenty of space for barbecues and is a great place to relax with your furry companion. The townhome is set in a private location close to the resort-style pool and spa with fantastic views. Community amenities also include a playground, barbecue area, and walking trails makes this a perfect oasis to come home to. This welcoming community is conveniently situated near shopping, dining, and major freeways. The home is turnkey and move-in ready!
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.
