Custom Lake Tahoe-inspired single-story estate set in the prime Granada Highlands on a whisper-quiet street, this rare architectural showpiece captivates from the moment you arrive. A storybook cobblestone exterior is highlighted by a dramatic turret-style design with soaring arched windows, creating an unforgettable first impression. Set beneath mature pine trees, the home is framed by lush landscaping and a brick driveway that enhances its warmth and character. The custom stone façade is complemented by rich wood garage doors with designer hardware, while a gated entry adds privacy and a true sense of arrival. Designed for both entertaining and everyday living, the home features soaring ceilings, expansive windows, and warm acacia wood flooring throughout. The floor plan offers multiple living spaces, including a spacious family room with exposed beams and a stunning river rock fireplace, a formal dining area filled with natural light, and a private office with double-door entry. At the heart of the home is a chef-inspired kitchen with a custom ILVE Italian range, secondary Zephyr cooktop, built-in refrigerator, wine cooler, and extensive custom cabinetry. Granite countertops, skylights, and French doors create a bright space with seamless indoor-outdoor flow. A standout feature is the custom octagon bar room with two-story windows, solid oak bar, and unique architectural details—ideal for entertaining. The adjacent pool parlor offers high ceilings, skylights, and a dramatic river rock fireplace. The home features two primary suites, each offering a private retreat. The original includes direct pool access, a spa-style shower, dual vanities, and marble finishes. The newer suite features vaulted ceilings, a fireplace, walk-in closet, and a spa-inspired bath with jetted tub, rainfall shower, dual sinks, and skylights. Additional highlights include two secondary bedrooms, a flexible gym/bonus room, and guest baths with dual vanities and marble finishes. The resort-style backyard offers a pebble-finish pool with waterfall, central fireplace, outdoor BBQ/bar, and multiple entertaining areas, plus a full-size game court. Additional features include a premium roof with transferable warranty, high-efficiency HVAC, artificial turf, and rolling shutters for comfort, security, and energy efficiency. This is a rare opportunity to own a truly distinctive home that must be experienced in person.
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.
