Tucked quietly at the very end of a half street, this beautifully maintained 3-bedroom, 2-bath home offers a rare blend of privacy, lifestyle, and future potential on an oversized 6,500 sq ft lotbig for the area and even bigger in opportunity. From the moment you arrive, the new exterior paint, new roof, and new solar panels signal pride of ownership and thoughtful upgrades, while the end-of-street location creates a peaceful, low-traffic setting that feels worlds away from the city, even though major freeways are just minutes away, keeping life convenient without the noise. Inside, hardwood floors and a tastefully updated kitchen with designer granite countertops anchor a warm, functional layout, while the primary suite features its own private bath and French doors that open directly to the backyard, creating seamless indoor-outdoor living. The backyard is where this home truly shines: a massive wooden deck, partially covered and complete with an outdoor bar- sets the stage for entertaining, weekend gatherings, and long California nights, while a jacuzzi adds resort-style relaxation. Artificial turf, paving stones, and planter areas provide a clean, modern look with optional space for gardening, all wrapped into a low-maintenance yard that keeps water bills down and weekends free. A detached ADU adds serious flexibility for guests, a home office, creative studio, or potential rental income, with additional room to expand both the main house and the ADU for future value. Thanks to the unique half-street positioning, there's ample additional parking with space for an RV or multiple vehicles- an increasingly rare convenience that adds real-world functionality and long-term appeal. Well cared for over the years and thoughtfully improved, this home isn't just a place to live- it's a private retreat designed for entertaining, relaxing, and growing into whatever comes next.
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.
