Welcome to an extraordinary Norco Hills Estate, where refined elegance meets timeless charm. Showcasing over $200,000 in upgrades, this exceptional residence blends luxury and modern functionality with a highly desirable floor plan. A stunning custom double door entry welcomes you into a beautifully appointed interior featuring four spacious upstairs bedrooms plus convenient downstairs en suite with walk-in closet and separate entrance. The generous loft/flex space offers endless possibilities for entertainment, relaxation, office, etc. The spectacular remodeled open-concept kitchen seamlessly connects to the family room for everyday living and entertaining. Impressive single slab quartz island with breakfast bar seating, custom cabinetry, pull-out shelves, pots and pans drawers, soft-close hardware, walk-in pantry, and premium stainless steel appliances by Viking, KitchenAid, and Samsung create a true culinary space. Features include a double oven, microwave, dishwasher, six-burner cooktop, custom coffee bar/buffet area, separate butler’s pantry with dual-zone wine refrigerator. Built-in home entertainment media center with TV and equipment included, stone contemporary fireplace, recessed lighting, custom lighting, Nest thermostats, and alarm system. The luxurious primary suite offers a serene sitting area and spa-inspired bathroom with dual vanities, soaking tub, walk-in shower, and a custom-organized walk-in closet. Spacious interior laundry room with washer, dryer, storage, and utility sink, plus an incredible three-car garage with epoxy flooring, cabinetry, storage, workbench, and insulated garage doors. Outdoor living reaches new heights with RV parking, a long driveway, gated backyard access, and a spectacular backyard designed for the ultimate California indoor-outdoor lifestyle. Enjoy multiple entertainment areas including a covered patio, oversized gazebo, and covered BBQ/bar area with island seating, grill, storage, dual refrigerators, lighting, and TV. Beautifully landscaped with front and rear sprinklers, this private retreat is surrounded by an impressive collection of fruit trees including tangerine, nectarine, lemon, lime, grapefruit, orange, cumquat, and almond. This Norco Hills luxury home nestled in Horse Town USA offers over 100 miles of city-wide equestrian trails built alongside roads and through local neighborhoods. Many businesses are horse-friendly providing hitching posts so saddle up and explore!
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.
