Step into a home that feels elevated, intentional, and completely move-in ready—complete with the convenience of an attached garage. This beautifully upgraded condo in the sought-after Montecito community stands out with a cohesive, designer-inspired aesthetic and luxury vinyl plank flooring throughout every level—including the stairs—creating a clean, carpet-free living experience buyers love. The kitchen is the showpiece, featuring quartz countertops, a white single-basin sink, dark cabinetry, and elegant gold hardware for a custom, high-end look rarely found in this floor plan. Natural light fills the open-concept living space through large picture windows and sliding glass doors, creating a bright and inviting atmosphere ideal for both everyday living and entertaining. Recessed lighting, ceiling fans, and designer window treatments add comfort and style throughout. The flexible layout offers dual primary suites, each with its own private bath, plus an additional space perfect for a home office, guest room, or flex use. Enjoy indoor-outdoor living with a private balcony off the main living area, perfect for morning coffee or evening wind-downs. Located in the vibrant Montecito community, residents enjoy resort-style amenities including a pool and spa with dedicated lap lanes, expansive sun deck, multiple BBQ areas, and inviting spaces to relax or entertain. The community also offers a clubhouse with fitness center, along with basketball, tennis, and bocce ball courts—creating a lifestyle that feels both active and resort-inspired, all just minutes from top-rated schools, shopping, dining, and major commuter routes. Modern upgrades. Prime location. Turnkey living. This is the one buyers have been waiting for.
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.
