Welcome home to Sutter Avenue: Your North-Bench mountain view retreat in the heart of Yucaipa. This neighborhood is known for its wide horizons, walkable parks, nearby trails, and the charm of Uptown Yucaipa just minutes away. Coffee shops, cafés, restaurants, and local breweries are close enough for an easy walk or bike ride. When the day winds down, the backyard gazebo offers a quiet place to enjoy the sunset or host weekend gatherings with family and friends. This single-level home features three bedrooms and two baths, a comfortable layout for families looking for space and ease of living. The living room includes a brick fireplace and connects naturally to the kitchen and dining area. Sliding doors open to the back patio, extending your living space outdoors. New interior paint, vinyl wood-look flooring, new bedroom carpet, and energy efficient double-paned windows make this home truly move-in ready. The primary suite includes a privacy-level window that frames the sunset and a refreshed bath. The two secondary bedrooms feature generous closets that work well for toys, hobbies, guests, or a home office. The kitchen offers white cabinetry with updated hardware, a newer two-door five burner stove, and a breakfast bar for casual meals or morning conversations. Practical features add real value: indoor laundry, reverse-osmosis water filtration, an alarm system, built-in garage cabinets and workbench, a wide side yard suitable for RV or boat parking, and assumable solar for long-term savings. Location matters, and Sutter Avenue offers a well-rounded lifestyle. It sits in a friendly, well-kept neighborhood within the Yucaipa-Calimesa school district, with charter options nearby. Flag Hill Park is right across the street, and Yucaipa Regional Park, Oak Glen’s apple orchards, and local restaurants are all close enough for easy weekend plans. Commuters will appreciate the quick four-mile access to the I-10. This is a comfortable, well-cared-for home in a setting that supports everyday living. All that’s left is for you to make it your own.
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.
