Welcome to 12759 E Rancho Estates Place, a luxury home in Rancho Cucamonga located in the highly sought-after Rancho Estates community, known for its equestrian trails, private parks, and elevated lifestyle. This upgraded pool home features French Oak hardwood flooring, crown molding, plantation shutters, and a spacious open layout designed for both everyday living and entertaining. The chef’s kitchen includes professional-grade appliances, expansive granite countertops, custom cabinetry, and a large walk-in pantry. The primary suite offers a private retreat with a fully remodeled spa-style bathroom featuring custom tile, dual vanities, heated towel rack, and a steam shower with Bluetooth speakers. A private balcony showcases sunset views and includes a spiral staircase with direct access to the backyard. The resort-style backyard is built for entertaining, complete with a custom pool and spa, travertine hardscape, artificial turf, mature fruit trees, and a fully equipped outdoor kitchen with built-in BBQ, 10-foot bar, TV, fan, lighting, and sound system. Upstairs includes a large loft ideal for a media room or game space, along with a private en-suite bedroom. Additional features include dual-zone HVAC, two EV chargers, upgraded laundry room cabinetry, solid core doors, and ample storage. Residents enjoy HOA amenities including horse trails, a community equestrian arena with stables, tennis courts, basketball courts, and private parks. Located in the award-winning Etiwanda School District, serving John Golden Elementary, Daycreek Intermediate, and Los Osos High School. Conveniently close to Victoria Gardens shopping and dining, with easy access to the 210 and 15 freeways. If you are searching for a Rancho Cucamonga luxury home with a pool, equestrian access, and top-rated schools, this home offers an exceptional opportunity.
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.
