This elegant custom stucco home sits on 2.07 acres in the desirable Noble Oaks area of Red Bluff. The flexible floor plan offers both formal style and comfort, featuring a grand entrance and a double-sided natural gas fireplace—perfect for a large dining and living room setup or whatever suits your needs. A spacious family room with large windows showcase beautiful westerly views, sheltered by a vast, private covered back patio. The home includes 3 generous bedrooms, 2.5 baths, and an office area just off the expansive laundry room for easy living. Quality touches abound—granite kitchen counters, high-end appliances including a THOR gas range with six burners and a griddle, two ovens, a separate electric wall oven and microwave, and a Zephyr range hood. The large kitchen island is ideal for gatherings, complemented by abundant storage. The primary suite provides plenty of space for a sitting area, a luxurious private bath with a jetted tub, dual shower heads in the separate shower, and a walk-in closet with ample room for your treasures. Vaulted and 10’ ceilings create an airy, open feeling throughout the home’s 2,800+ square feet. Enjoy breathtaking sunsets and sunrises from the CALDERA hot tub under the covered gazebo, the patio, or through the picturesque west-facing windows while cooking dinner in the expansive kitchen. A finished three-car garage and an additional 10x20’ shed offer ample storage for vehicles and toys, supplemented by a concrete driveway. The home’s interior is clean and bright, ready for your personal touch. The property also features two central heating and air conditioning systems, underground utilities, and an assumable loan (subject to approval). All of this plus owned solar make this an exceptional opportunity, one you don’t want to miss! This property is not part of an HOA; instead, it benefits from a private road maintenance agreement with very low fees. It is the second parcel on Noble Way on the left—the first house you’ll see.
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.
