Nestled in the charming Elysian Heights community, this beautifully maintained 5-bedroom, 3.5- bathroom home offers a perfect blend of comfort, functionality, and entertainment. Built in 2007, this 3,586 finished square foot home features a warm brick and cement siding exterior, manicured front lawn and a space that feels like home from the moment you step inside. Main living area offers a bright formal living and dining room plus home office/study. The heart of the home includes a spacious family room with cozy gas fireplace, kitchen includes a large island with seating, modern stainless steel appliances, plenty of storage and ample pantry. Upstairs features a large master suite, spacious walk-in closet and double vanity bathroom with soaking tub and oversized shower, adjoining three additional bedrooms, full bathroom and conveniently located laundry room with utility sink and ample linen closet. The fully finished walk-out lower level provides additional living space and plenty of storage, perfect for entertaining and as a playroom, completely wired for a home entertainment system, with fifth bedroom and full bath. An inviting deck off the kitchen offers views of Sugarloaf Mountain and is ideal for morning coffee or evening gatherings under the stars. The attached high-ceiling garage with a front entry and door opener adds to the ease of living, providing ample space for vehicles and storage. Recent upgrades include new roof (2025), upper zone heat pump and HVAC system (2024), brand new carpeting and freshly neutral painted interior throughout the entire home (2026). This home is conveniently located next to two huge common areas and an easy walk to the community pool, recreation facility, playground and tennis courts. Residents of family-friendly Elysian Heights enjoy open and well-maintained surroundings with quiet streets and sidewalks for evening walks, bike rides, and outdoor play. This home is not just a place to live; experience the warmth and comfort that awaits you in this delightful property.
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.
