Perfectly positioned on a desirable corner lot, this beautifully maintained home offers the perfect blend of warmth, comfort, and inviting indoor outdoor living. Thoughtfully updated throughout, this home welcomes you from the moment you arrive. Lush landscaping, mature shade trees, and timeless curb appeal create a wonderful first impression. From the moment you walk through the front door, you'll appreciate the warmth and comfort that make this house feel like home. Step inside and discover a home filled with natural light, where a warm and inviting family room serves as the heart of the home. Plantation shutters, recessed lighting, beautiful flooring, a cozy fireplace, and a large skylight create a bright, welcoming atmosphere. Large windows and sliding glass doors fill the home with natural light while creating an easy connection to the backyard. At the heart of the home, the beautifully remodeled kitchen features timeless finishes, quality cabinetry, new appliances, abundant workspace, and a dining area that keeps everyone connected whether preparing meals or gathering with family and friends. The primary suite offers a comfortable place to relax at the end of the day, while the beautifully remodeled bathrooms continue the home's quality finishes. The guest bathroom features a relaxing jetted bathtub, perfect for unwinding. The expansive backyard is truly an extension of the home, designed for enjoying Southern California's year round lifestyle. Low maintenance artificial turf, mature avocado and lime trees, a covered pergola, and a built in BBQ create the perfect setting for relaxing, entertaining, and making memories with family and friends. Adding even more versatility is the detached bonus structure, ideal as a home office, fitness studio, workshop, hobby room, art studio, music room, game room, or creative space. The adjacent gated side yard provides additional room for recreational equipment, a small trailer, or extra storage. Additional improvements include owned solar panels, all new plumbing throughout the home, a new water heater, and beautifully remodeled kitchen and bathrooms with new appliances, providing comfort, efficiency, and peace of mind for years to come. Whether you're enjoying a quiet evening at home or entertaining family and friends, this is a home where lasting memories are made and treasured for years to come.
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.
