Welcome to this spacious two-story townhome located in a VA/FHA-approved complex. Featuring 9-foot ceilings on both levels, the home offers a bright, open, and inviting atmosphere throughout. A standout feature is the highly desirable downstairs flex space, complemented by a nearby powder room. This versatile area can easily serve as a third bedroom, home office, gym, or additional storage, making it a valuable extension of the living space. Upstairs, both generously sized bedrooms include private en-suite full bathrooms, providing ideal separation and privacy. The primary suite is further enhanced by a large walk-in closet. The kitchen has been tastefully upgraded with a newer stovetop, oven, dishwasher, and microwave, while the carpet has been replaced in recent years, adding to the home’s overall appeal. Enjoy seamless indoor-outdoor living with an oversized 21' x 10' private patio, significantly larger than typical townhome outdoor spaces and perfect for relaxing or entertaining. Additional highlights include an attached two-car garage and a full-size washer and dryer located in a dedicated laundry room with ample space for additional storage. Ideally situated just steps from the community pool and fitness center, this home is set within a quiet, well-maintained community. The location offers exceptional convenience, just moments from Poway Road with abundant shopping, dining, and entertainment options, as well as nearby parks and scenic hiking trails. Commuters will benefit from easy access to both the 15 and 56 freeways. The HOA provides excellent value by covering roof maintenance, trash pick-up, water, landscaping, etc. helping to simplify homeownership and reduce upkeep responsibilities. Located within the highly regarded Poway Unified School District, widely recognized as one of the top-rated districts in San Diego County, this home presents an outstanding opportunity to enjoy comfort, flexibility, and convenience in a prime location. This is a must see!
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.
