Welcome to this stunning 4-bedroom, 3.5-bath tri-level condo located in the highly desirable Neo & Haven community of Mission Viejo. Built in 2021, this contemporary home showcases nearly $40,000 in builder upgrades and thoughtful enhancements throughout—delivering style, comfort, and smart living at its finest. With no Mello-Roos and low HOA fees, this home is an exceptional value. Flooded with natural light, the interior highlights vibrant white walls, luxury flooring, recessed lighting, and an open-concept layout perfect for entertaining. The chef’s kitchen is a true standout, featuring a large island, upgraded Della Terra quartz countertops, GE Café Series stainless steel appliances, including an air-fryer oven with Wi-Fi, full backsplash, soft-close cabinetry, and premium Kohler and Moen fixtures. The flexible floor plan includes a main-floor bedroom with an ensuite bathroom, ideal for guests or multi-generational living. The spacious primary suite offers its own ensuite bath with Calacatta quartz finishes, designer tile, and a walk-in closet. Additional bedrooms are oversized with ample storage, and the conveniently located upstairs laundry room ensures everyday ease and efficiency. This smart home comes equipped with Shea Connect technology, including a hard-wired Eero WiFi Mesh System, Ring Elite Doorbell, and Wi-Fi–enabled entry, thermostat, tankless water heater, dimmers, and garage door—all seamlessly integrated through a smart display. The home also includes J-box wiring in all bedrooms and the patio, dual AC units, a whole-house fan and whole-house water softener. The attached, finished 2-car garage features an epoxy floor, enhanced storage, upgraded lighting, a 240V EV charger, and two 20-amp circuits—ideal for tools, hobbies, or a home gym setup. Community amenities elevate the lifestyle, offering a resort-style pool and spa, barbecue and dining areas, a park, fire pit, and playground. The HOA maintains landscaping, routine window cleaning, and street sweeping for added convenience. Ideally located near the 241 Toll Road, shopping, dining, fitness and yoga studios, scenic trails, and much more. Students attend award-winning SVUSD schools. Experience modern Mission Viejo living at its best—style, functionality, and luxury all in one exceptional 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.
