Welcome to 1481 Manzana Way, a beautifully laid-out two-story home situated on a charming corner lot. This inviting property offers a spacious family room, perfect for gathering and entertaining. The cozy living room features a stylish fireplace, creating a warm and welcoming atmosphere. A separate dining area provides ample space for family meals or special occasions. The heart of the home is the upgraded kitchen, boasting elegant stone countertops, sophisticated deep green cabinetry, and sleek gold hardware finishes—ideal for the home chef and those who love to entertain. Downstairs features upgraded vinyl flooring, adding both durability and modern style. Also on the first level is a convenient half bath and a dedicated laundry area with space for a full-size washer and dryer. Upstairs, the well-planned layout includes a primary bedroom with a large walk-in closet, offering comfort and abundant storage. Enjoy peace of mind with major upgrades: the roof was replaced just two years ago, and at the same time, fully paid-for solar was installed to help keep energy costs low. Step outside to your own private patio, designed with pavers and raised garden beds—perfect for relaxing, entertaining, or gardening. The home also includes two assigned parking spots—one covered and one uncovered—located right in front of the unit for added convenience. As part of a vibrant community, you'll enjoy fantastic amenities including a sparkling pool and spa, tennis and basketball courts, a playground, and much more. Don't miss the opportunity to make this stylish, well-maintained, move-in-ready home yours!
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.
