Welcome Home to 125 Allusion – A Modern Paired Townhome with Comfort and Connectivity at Novel Park in the Great Park Neighborhoods. Filled with natural light, this townhome offers over 1,700 sqft of living space and is the perfect blend of modern style and functional living, with the added privacy of only one shared wall on a PREMIUM LOT with building next to or across from the home. Thoughtfully designed for versatility, the main level offers an en-suite bedroom, perfect for a home office or guest room. On the second floor, the open-concept great room is the heart of the home, seamlessly connecting the living, dining, and kitchen areas perfect for both everyday living and entertaining. The chef’s kitchen impresses with white shaker cabinets, sleek quartz countertops, a stylish subway tile backsplash, and a built-in pantry. The center island with counter seating invites casual gatherings, while stainless steel appliances add a modern touch. Just off the great room, step out onto your private patio, offering a perfect extension of your living space ideal for morning coffee, al fresco dining, or simply enjoying the fresh air. Upstairs, you’ll find dual en-suite bedrooms, including a spacious primary suite with two walk-in closets, dual sinks, and an oversized tiled shower. Throughout the home, luxury vinyl flooring enhances the living areas, while upgraded carpet adds warmth to the bedrooms. Additional features include upstairs laundry, whole house fan, LED recessed lighting, a tankless water heater, and a 2-car attached garage for added convenience. Just steps away from Novel Park, you’ll enjoy access to its clubhouse, 2 dog parks, and The Cup, a charming neighborhood coffee shop to meet your neighbors! As a resident of the Great Park Neighborhoods, you’ll experience resort-style living with multiple pools to choose from, neighborhood parks, beach volleyball and basketball courts, outdoor kitchens, playgrounds and 12 rentable spaces for private gatherings. Plus, the Bosque Trail and a network of scenic walking and biking trails weave throughout the community, connecting you to parks, gardens, and recreational spaces perfect for an active, outdoor lifestyle. Located just minutes from award winning IUSD Schools Beacon K-8 and Portola High, and a short drive to Woodbury Town Center, Irvine Spectrum, and Laguna Beach, this home offers unbeatable convenience. Don’t miss your chance to experience elevated living at 125 Allusion.
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.
