Luxury Canyon View Estate in Paradise, CA. Large Price Improvement! Experience upscale living in one of Paradise’s most sought-after neighborhoods. Perched on scenic Valley Ridge Drive, this stunning two-story estate offers breathtaking canyon and valley views, with expansive, fully covered concrete decking on both the front and back of the home—ideal for year-round outdoor living and entertaining. From the moment you arrive, the home's grand presence is undeniable. Prominent architectural pillars and elegant wrought iron double doors welcome you into a dramatic entryway, where a grand staircase leads to a soaring great room complete with high ceilings and a cozy gas fireplace. Designed for both comfort and entertaining, the open-concept layout features a chef’s dream kitchen. Enjoy an oversized island with seating space, an industrial-grade refrigerator/freezer, double ovens, and a high-end Thor 6-burner gas range. A charming breakfast nook completes the space, perfect for morning coffee with a view. The thoughtful split floor plan offers privacy and functionality. The luxurious master suite is a true retreat, featuring a private gas fireplace, dual walk-in closets, and a spa-inspired bathroom with double vanities, a jetted tub, and an expansive walk-in shower with multiple shower heads, including a rain shower from above. On the opposite wing, you’ll find a junior suite along with an additional guest bedroom and full bath. Downstairs, the lower level opens up a world of possibilities. Multiple bonus rooms offer flexibility for a wine cellar, home office, gym, or guest quarters. The highlight? A massive media/game room outfitted with a pool table, Epson ceiling-mounted projector, built-in speakers, and a remote-controlled screen—perfect for in-home movie nights or game day gatherings. Step outside to find even more to love. A second covered deck leads to a multi-level outdoor oasis, complete with a pool deck designed for relaxing or entertaining. Owned Solar with a Large Battery Backup array (owner will payoff through escrow upon closing) provides full-home power coverage with zero annual true-up cost per owner. New Heat/AC units also installed 2024. This Paradise gem offers the perfect blend of luxury, comfort, and functionality. Don’t miss the opportunity to make this exceptional property your own.
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.
