Tudor home in Ontario's Historic Rosewood Court District! This home has the charm and character of the 1920s with modern updates throughout. From the moment you arrive, you'll fall in love with the inviting curb appeal and a welcoming front porch perfect for morning coffee or evening unwinding. Step inside and be greeted by new laminate wood floors, rich wood trim, and a decorative fireplace in the living room. The arched wall leading into the formal dining room has a stone faced wall paneling and in the dining room there is wood paneling which gives a bit of craftsman charm in this Tudor home. In the thoughtfully remodeled kitchen you'll find granite countertops, floating wood shelves, stainless steel appliances, and plenty of built-in pantry space. There is a kitchen island adding more counter space or a perfect spot to put bar stools for casual dining. In the back corner of the kitchen you will find a stacked washer and dryer. There is original restored hardwood flooring in the hallway and the front two bedrooms. Bonus features include a spiral staircase leading up to a finished attic converted to a spacious loft! The loft includes two separate areas that will be great play areas or an in-home office space, a convenient half bath and small kitchenette with a mini fridge and microwave. This area of the home is not included in the square footage of the home since it's not permitted. In the backyard you'll find a beautiful wood deck and patio making this the perfect retreat and space to have guests over. Another bonus with this home is a studio adu behind the garage with a kitchenette, 3/4 bath and balcony. This area with the adu is not included in the square footage of the home since it's not permitted. Located on a quiet tree-lined street surrounded by other historic properties, this home offers not only beauty, but also community and walkability. This home is located minutes away from downtown Ontario, local restaurants, shops, and schools. Plus easy freeway access! Don't miss your chance to own a piece of Ontario's Historic District with all the modern amenities you love. Schedule your private tour of 122 E Rosewood Ct. today and experience the perfect blend of 1920s charm and modern living!
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.
