Welcome to your new home in the highly desirable 55+ gated community of Pilgrim Creek Estates—where you own the land! While this property may be classified as a manufactured home, that is where the comparison stops. This rare, expansive triple-wide residence offers over 1,900 square feet of single-level living space, seamlessly blending functional comfort with a serene coastal lifestyle. Inside, you will immediately appreciate the open-concept floor plan flowing with beautiful laminate flooring, soaring ceilings, and abundant natural light provided by large energy-efficient vinyl windows and an overhead skylight that welcomes refreshing ocean breezes. The home features a sprawling living room, a separate formal dining area, and an oversized family room featuring a dry bar perfect for entertaining. The pristine kitchen comes fully equipped with rich granite countertops, a built-in pantry, modern appliances, and a convenient breakfast bar that opens completely to the main family areas. The primary suite serves as a spacious and peaceful retreat, complete with a massive walk-in closet and an en-suite bathroom featuring double sinks, a walk-in shower, and a luxury jetted tub. The secondary bedroom is generously sized with direct layout access to the shared full guest bathroom. A dedicated, individual laundry room sits right off the kitchen for maximum convenience. Outdoor living is just as inviting as the interior. Enjoy a morning cup of coffee on your grand front porch boasting beautiful territorial views of the nearby hills, or relax on the large, private covered patio. Welcome to your new home in the highly desirable 55+ gated community of Pilgrim Creek Estates—where you own the land! While this property may be classified as a manufactured home, that is where the comparison stops. This rare, expansive triple-wide residence offers over 1,900 square feet of single-level living space, seamlessly blending functional comfort with a serene coastal lifestyle. Inside, you will immediately appreciate the open-concept floor plan flowing with beautiful laminate flooring, soaring ceilings, and abundant natural light provided by large energy-efficient vinyl windows and an overhead skylight that welcomes refreshing ocean breezes. The home features a sprawling living room, a separate formal dining area, and an oversized family room featuring a dry bar perfect for entertaining. The pristine kitchen comes fully equipped with rich granite countertops, a built-in pantry, modern appliances, and a convenient breakfast bar that opens completely to the main family areas. The primary suite serves as a spacious and peaceful retreat, complete with a massive walk-in closet and an en-suite bathroom featuring double sinks, a walk-in shower, and a luxury jetted tub. The secondary bedroom is generously sized with direct layout access to the shared full guest bathroom. A dedicated, individual laundry room sits right off the kitchen for maximum convenience. Outdoor living is just as inviting as the interior. Enjoy a morning cup of coffee on your grand front porch boasting beautiful territorial views of the nearby hills, or relax on the large, private covered patio out back. A large garden area currenlty stocked with avocado trees, banana trees, fig, peach and lots of space to grow more! The low-maintenance exterior features drought-tolerant landscaping, rain gutters, and a detached two-car garage. Perfectly situated close to premier North County shopping, dining, medical facilities, and the Oceanside Harbor, this property beautifully combines absolute convenience with an active community environment.
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.
