Welcome to this exceptional North Merced residence where luxury, comfort, and modern upgrades come together to create the perfect place to call home. Completely remodeled and thoughtfully updated throughout, this impressive 4-bedroom, 2.5-bath home offers the ideal blend of elegant design, functionality, and resort-style living. From the moment you arrive, you will appreciate the pride of ownership and attention to detail that make this property truly stand out. Step inside and discover a bright and inviting open floor plan featuring an oversized living room, formal dining area, soaring spaces filled with natural light, and an effortless flow designed for both everyday living and entertaining on any scale. The beautifully renovated kitchen serves as the centerpiece of the home and showcases newer cabinets, updated countertops, modern finishes, abundant storage space, generous prep areas, and a layout perfect for gatherings with family and friends. The spacious downstairs indoor laundry room offers additional storage and convenience. Upstairs, you will find four generously sized bedrooms, recently updated bathrooms, and a versatile loft area ideal for a home office, media room, game room, workout space, or study area. The expansive primary suite provides a relaxing retreat with a spacious layout, walk-in closet, and beautifully updated bathroom amenities. Step outside and experience your very own private backyard oasis designed for year-round enjoyment featuring a sparkling in-ground swimming pool, covered patio perfect for outdoor dining and entertaining, low-maintenance landscaping, and additional side access with room for RV parking, boat storage, or recreational vehicles. Whether hosting summer pool parties, relaxing after a long day, or enjoying quiet evenings outdoors, this backyard offers endless possibilities. Additional highlights include a fully paid 22-panel solar system providing valuable energy savings and efficiency. Conveniently located near parks, shopping centers, restaurants, schools, UC Merced, and with easy freeway access for commuters, this move-in ready home offers the complete package buyers have been waiting for. Homes with this level of remodeling, upgrades, energy efficiency, and resort-style amenities rarely become available. Do not miss the opportunity to experience everything this remarkable property has to offer. Schedule your private showing today before someone else calls this beautiful property 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.
