Welcome to 12388 Reata Ct, a privately situated and extensively renovated residence on a quiet cul-de-sac in Rancho Bernardo, San Diego. Offering 5 bedrooms, 3 bathrooms, and approximately 2,368 square feet, this home blends modern sophistication with effortless California living and timeless elegance. The property sits on a nearly half-acre lot, providing exceptional space and privacy. Wide-plank hardwood flooring, custom baseboards, and limestone tile elevate the interiors, while abundant natural light enhances the open, airy flow. The remodeled main-level bath features a sleek walk-in shower, and a finished expansion adjacent to the upstairs bedroom provides versatile space for a lounge, office, or media retreat. The garage boasts beautifully finished polished epoxy flooring and is thoughtfully equipped with a Tesla EV charging station. The backyard delivers a private resort experience with a redesigned pool, updated tile, spa extension, expanded deck, custom retaining walls, and a stylish gazebo perfect for entertaining or serene relaxation. Professionally installed turf in the front and rear yards pairs beautifully with a cobblestone driveway and walkway, creating exceptional curb appeal. Major upgrades include a new concrete tile roof, upgraded and relocated electrical panel, and an owned solar system designed to exceed projected energy use under Net Metering 2, combining luxury with efficiency and sustainability. Every detail has been thoughtfully curated to offer comfort, style, and turnkey living. Enjoy exclusive access to the prestigious Rancho Bernardo Swim & Tennis Club — a premier community amenity offering tennis, pickleball, swimming, fitness facilities, and vibrant social events. This private club enhances the Rancho Bernardo lifestyle with resort-style recreation, beautifully maintained grounds, and year-round activities for all ages. A true value-add to living in this sought-after neighborhood.
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.
