Nestled in the prestigious South Hills of Loma Linda, 11661 Anderson St is a stunning mid-century modern retreat that perfectly balances secluded luxury with functional design. The sprawling 0.83-acre lot serves as a front-row seat to nature’s theater, offering unmatched panoramic views that transition from rugged canyon peaks by day to a shimmering tapestry of city lights by night. Inside, the home glows with natural warmth, aided by Solatubes that pull the California sun into every corner, you can also find radiant heat flooring throughout the house along with engineered hardwood. The heart of the home is a chef’s dream, reimagined with a sleek, minimalist aesthetic. Fully updated with a modern induction cooktop, combination microwave/convection oven, and streamlined cabinetry with granite counters, it is a space built for both quiet morning coffees and grand evening soirées. When the day ends, the primary suite offers a true escape, a space where you can wake up to the silhouette of the mountains and unwind in a bathroom designed for total relaxation. This home also offers a soundproofed studio wired for 7.1 surround sound, HDMI and power from the ceiling, insulated sound booth, cork floors, and a soundboard and quietrock making it perfect for a at home theater. Whether you’re curling up by the wood-burning fireplace during a crisp winter evening or staying cool in the height of summer with the central air and whole-house fan, this home handles the elements with grace. It is also a model of forward-thinking efficiency, with a paid solar system and a solar water heater. This home also offers a 9'6 garage door for larger vehicles along with a 220v car charging outlet and the 7200w solar panels cover most of electricity and car charging and three water heaters. You are less than a mile from Loma Linda University Medical Center, yet only steps away from the South Hills Preserve. Here, your backyard extends into miles of premier hiking and mountain biking trails. Excellent Redlands schools.
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.
