Exceptional, stunning, and rarely on the market, this 1.06-acre usable flat corner-lot estate offers panoramic Southerly views, privacy, and a unique blend of luxury and versatility. Featuring a private, detached ADU (375 sqft included in the total sqft of home), owned solar system (approximately 52 panels), pool solar, RV parking, and a three-car garage with epoxy flooring, this home truly embodies the quintessential Southern California indoor-outdoor lifestyle. A grand double-door entry opens to a travertine-tiled foyer, elegant hardwood floors, and a living room highlighted by one of three interior fireplaces. Just off the entryway, a private office provides the perfect work-from-home space, while the oversized laundry room adds everyday convenience. Thoughtful architectural details include crown moulding and baseboards throughout the main living areas, three sets of French doors, and abundant natural light through all new dual-glazed vinyl windows with custom window treatments. The gourmet kitchen is a chef’s dream, featuring a Thermador gas cooktop and range, KitchenAid Sub-Zero refrigerator, double KitchenAid ovens, and a charming breakfast nook ideal for casual dining. The primary suite is a true retreat with its own fireplace, direct exterior access, spa-inspired bathroom with oversized shower, dual vanities, soaking tub, and a spacious walk-in closet with custom California Closet built-ins. Secondary bedrooms include a Jack-and-Jill bathroom with one bedroom offering dual closets, plus a private loft-style bedroom with its own bathroom—perfect for guests or multigenerational living. Additional highlights include surround sound in the living room, dual-zoned HVAC, whole-house water filtration system, alarm system, and exterior security cameras. The three-car garage features epoxy flooring, built-in cabinetry, and overhead storage. RV parking, a private gated entrance to the detached guesthouse, and a circular driveway. Step outside to a true backyard oasis complete with Pebble Tec pool and spa, covered patios off both the primary suite and secondary bedrooms, outdoor fireplace, built-in barbecue area, volleyball net, and a putting green—ideal for entertaining year-round. Completing the property is a private, detached ADU offering a full bathroom, tankless water heater, mini-split system, gas stovetop, and its own upstairs hangout area with fire pit. This remarkable property offers luxury, flexibility, and lifestyle—an extraordinary opportunity that encompasses the quintessential Southern California lifestyle that is not to be missed.
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.
