Welcome to 13020 Ojai Rd in the heart of Apple Valley! This beautifully upgraded home offers comfort, efficiency, and peace of mind with major improvements already completed for its next owner. In 2022, the home received a brand-new HVAC system along with updated ducting, providing energy-efficient heating and cooling year-round. That same year, solar panels were installed to help reduce monthly utility costs and increase long-term savings. A new water heater was also added in 2022, along with a whole-house carbon filtration backwash system, delivering clean, filtered water throughout the home. The kitchen and laundry areas feature appliances that are all 2022 or newer, ensuring modern convenience and reliability. Rear-facing windows have been replaced with dual-pane glass, improving insulation, reducing outside noise, and enhancing overall energy efficiency. One of the most significant upgrades is the new roof, completed with new decking and shingles and backed by a 50-year transferable warranty—an incredible value that provides lasting protection and added buyer confidence. Outdoor living has also been enhanced with a newly constructed patio in 2023, creating the perfect space for relaxing evenings, entertaining guests, or enjoying the peaceful desert surroundings. Located in the desirable 92308 area of Apple Valley, this home offers the charm of a quiet neighborhood while remaining close to shopping, dining, schools, and medical facilities. With its extensive list of recent upgrades, energy-efficient features, and move-in-ready condition, 13020 Ojai Rd is an exceptional opportunity for buyers seeking both quality and value. Don’t miss your chance to own this thoughtfully updated property where major systems have already been modernized—allowing you to focus on enjoying your new home from day one.
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.
