Single-level Craftsman home tucked away on a quiet cul-de-sac, offering 4 bedrooms, 2 full baths, and 1,510 SF of open-concept living. The bright and inviting living room features a wood-burning fireplace with mantel and direct access through a large slider to a redwood deck perfect for family gatherings or dining al fresco. The fully remodeled kitchen is designed for both function and connection, featuring stunning Hickory Cabinetry, farmhouse sink, pantry cabinet, casual counter seating for on-the-go meals, gas cooktop with pot filler, recessed lighting, and two Lazy Susans for maximum efficiency. The kitchen is spacious enough for a large family eat-in dining area, making it the true heart of the home. The primary suite offers abundant natural light, large slider to private backyard, dual closets, en-nsuite bath with dual shower heads, including a rain head, and a river rock shower floor for a relaxing, massage-like experience. A bonus finished room in the garage—fully vented and insulated—provides flexible space ideal for a home office, workshop, or gym. Additional highlights include raised garden beds (with a variety of vegetables planted), a chicken coop (fresh eggs), new fencing, low-maintenance landscaping, and a private backyard with mature fruit trees including Fuji apple and Meyer lemon. There is Secret Garden with arbor entry its just the perfect touch to this incredible versatile property. If you love the sounds of happy birds this is the home for you, there is stunning flowering hedge that surrounds the front portion of the home for full privacy and it creates a lovely environment. Major systems have been updated with a roof approximately 4 years old and Furnace roughly 6–7 years old. This move-in-ready home blends comfort, charm, and functionality in a peaceful setting.
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.
