What if your next home wasn’t just a house—but a view you wake up to every day? Welcome to 12 Mayflower in Northwood, where your living room looks out to a peaceful neighborhood PARK, bringing in light, space, and a sense of calm. Featuring 4 BR, 3 full bathrooms, and approx. 2,300 SQFT of open living space, this home offers both comfort and flexibility, including a MAIN-FLOOR BEDROOM ideal for guests or extended family. Step into a light-filled living room highlighted by dramatic HIGH CEILING, where a striking staircase makes an immediate impression with its designer railing and warm wood accents; blending modern style with timeless elegance. A bright and inviting formal dining room sits just off the living room, offering an effortless flow for entertaining. The inviting family room is centered around a charming brick FIREPLACE and opens seamlessly to the kitchen, creating a connected and functional space for everyday living. The well-appointed kitchen showcases RICH MAPLE WOOD CABINETRY with convenient PULL-OUTS, GRANITE COUNTERTOPS, SLATE TILE FLOORING & BACKSPLASH, RECESSED LIGHTING, and STAINLESS-STEEL APPLIANCES, anchored by a CENTRAL ISLAND WITH SEATING and seamlessly opening to the FAMILY ROOM with TRANQUIL VIEWS of the SERENE BACKYARD. The hallway and main-floor bathroom have been upgraded with MAPLE CABINETRY, QUARTZ countertops, and ceramic TILE finishes, offering a clean and modern look. The expansive primary suite provides a peaceful retreat, complete with a cozy FIREPLACE and a large walk-in CLOSET. The UPGRADED ENSUITE BATHROOM showcases RICH CHERRY CABINETRY, QUARTZ COUNTERTOPS, and a beautifully TILED SHOWER with MOSAIC ACCENTS, blending comfort with refined design. The expansive and PRIVATE BACKYARD is thoughtfully designed with PAVER HARDSCAPING and a PATIO COVER, while MULTIPLE SEATING AREAS, RAISED PLANTERS, and MATURE LANDSCAPING create a serene outdoor retreat ideal for relaxing. Additional upgrades include NEW INTERIOR & EXTERIOR PAINT, ENGINEERED WOOD AND SLATE TILE FLOORING, RECESSED LIGHTING, a 1-YEAR-OLD ASPHALT SHINGLE ROOF, NEWER HVAC AND WATER HEATER, ATTIC FAN, SECURITY CAMERAS, DUAL-PANE WINDOWS & SLIDING DOOR, as well as a NEWER GARAGE DOOR AND ENTRY DOOR. Enjoy the benefits of NO HOA and NO MELLO-ROOS, along with access to IRVINE’S AWARD-WINNING SCHOOLS. Ideally located near WOODBURY OPEN SPACE TRAIL, WOODBURY TOWN CENTER, and ZION MARKET, this home offers a perfect balance of NATURE, CONVENIENCE, and EVERYDAY AMENITIES.
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.
