Welcome to this beautifully maintained home in the sought-after Arrowood community. This property stands out because of its incredibly smart and functional layout, designed to make daily life easy and organized. One of the best parts about this lot is that you have no neighbors directly behind you, giving the backyard a much more open feel and some extra breathing room that you don’t always get in neighborhoods like this.The floor plan is a huge win, especially the downstairs bedroom with its own full bath. It’s the perfect setup for guests, a home office, or a multi-generational living arrangement where someone wants their own space on the main level. The heart of the home is the big, open kitchen—complete with a massive center island, stainless appliances, and plenty of cabinets—which opens right into the family room and dining area so you're never walled off from the action.If you’re looking to keep your monthly costs down, you’ll love the fully paid-off solar panels. There are also several "hidden" upgrades that make a big difference, like a new HVAC, a tankless water heater for instant hot water, a whole-house fan to keep things cool without blasting the A/C, and clean epoxy floors in the 3-car garage. Upstairs, the primary suite is a true retreat with a private balcony for your morning coffee, plus a soaking tub and a large walk-in closet. There is also a versatile loft that works perfectly as a second living room or play area, and two more bedrooms connected by a Jack-and-Jill bath. Living in Arrowood gives you access to some great resort-style perks, including the Junior Olympic-sized pool, clubhouse, and miles of walking trails. Golfers will love being right down the street from the Arrowood Golf Course, and the home is located within the award-winning Bonsall School District. With a low-maintenance yard and all the major upgrades already taken care of, this home is ready for you to just move in and enjoy. Welcome home!
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.
