There is a certain kind of peace that only nearly 10 acres can give you. Privately nestled behind a gated entrance on 9.76 picturesque view acres, 1109 N Stagecoach Lane offers breathtaking panoramic views across the Santa Margarita River Valley, extending to De Luz and Rock Mountain beyond. Spanning approximately 4,200 square feet, this exceptional estate features five bedrooms—including one presently configured as a private office—along with three full bathrooms and a powder bath, thoughtfully designed for comfortable everyday living and effortless entertaining. Filled with natural light, the home showcases vaulted ceilings, exposed wood beams, and expansive windows that frame the surrounding landscape. The heart of the home is an impressive chef’s kitchen featuring beautiful stone countertops, an oversized center island, abundant cabinetry, and seamless flow into the dining and living areas. The spacious open-concept living room invites gatherings large and small while showcasing the spectacular scenery that surrounds the property. Step outside and experience a setting that feels worlds away. Mountain vistas, open skies, and a sense of tranquility define everyday life here, while the sparkling pool invites warm afternoons, unforgettable sunsets, and evenings spent beneath the stars. The property is as practical as it is beautiful, featuring solar for energy efficiency, an impressive 800-foot well, and a 1.5-inch water meter that provides ample water for irrigating the grove and maintaining the expansive grounds. Car enthusiasts, hobbyists, and adventure seekers will appreciate the oversized garage featuring an RV door, room for four to five vehicles, and an additional full bathroom with shower, sink, and toilet—a rare amenity offering endless possibilities for storage, projects, outdoor entertaining, or a prized collection. With unmatched privacy, sweeping views, and nearly 10 acres to call your own, this is a rare opportunity to experience the best of Fallbrook living.
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.
