MOTIVATED SELLERS – END UNIT IN HIGHLY DESIRABLE COLLEGE PARK! Welcome to this beautifully updated 4-bedroom, 2.5-bathroom end-unit home located in the highly sought-after College Park community, one of Chino’s most desirable neighborhoods. Offering 1,714 square feet of thoughtfully designed living space, this move-in-ready residence features fresh interior paint, brand-new flooring throughout the home, leased solar panels for energy savings, and a stunning custom entertainment center complete with an 85-inch television and built-in fireplace—all included with the home. Step inside to discover an abundance of natural light and an inviting floor plan designed for both comfortable living and entertaining. The spacious living room features a cozy fireplace, charming bay window, and the custom entertainment center that creates the perfect gathering space for family and friends. The beautifully kitchen has a stove and oven, a new kitchen sink, granite countertops, ample cabinetry, generous prep space, and a convenient breakfast bar. The kitchen flows seamlessly into the formal dining area and offers direct access to the private backyard, making indoor-outdoor living effortless. A guest-friendly powder room completes the main level. Upstairs, all four bedrooms provide privacy and separation from the main living areas. The spacious primary suite features a walk-in closet and a private en-suite bathroom with dual sinks. Three additional bedrooms offer flexibility for family, guests, a home office, or creative space. An upstairs hallway bathroom with dual vanities and a dedicated laundry room add convenience and functionality. Residents of College Park enjoy exceptional HOA amenities, including a clubhouse, two resort-style swimming pools, spa, fitness center, party room, children’s splash zone, sports parks, walking trails, and year-round community events. Ideally located near top-rated schools, Chaffey College, shopping, dining, parks, and convenient access to the 60 and 71 freeways, this wonderful home offers an outstanding lifestyle in a vibrant, family-friendly community. Don’t miss this incredible opportunity to own a beautifully updated home in one of Chino’s premier communities. Motivated sellers are ready to consider reasonable offers. Buyer to verify square footage.
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.
