Pride of ownership shines throughout this beautifully maintained home, built in 2001, in the highly sought-after San Diego Country Estates. Ideally situated to capture sweeping views from multiple vantage points, this 3-bedroom + office residence offers the perfect blend of comfort, functionality, and serene surroundings. Enter to find fresh interior paint and stylish luxury vinyl plank flooring that flows seamlessly through the main living areas. The thoughtfully designed kitchen features a spacious pantry, providing ample storage for everyday living and entertaining. Large windows invite in natural light while showcasing the picturesque views that make this home truly special. Set on a generous 0.56-acre lot, the property features a large yard with plenty of space to enjoy outdoor living, gardening, or entertaining. There’s ample storage under the house. A long driveway provides added privacy and ample parking. Recent upgrades provide both comfort and peace of mind, including a new HVAC system, water softener, new propane tank with an emergency shut-off valve, and updated window coverings. The exterior of the home was freshly painted in 2025, complemented by new fencing installed in 2024 and low-maintenance artificial turf added in 2024. A stamped concrete side patio, poured in 2025, creates additional space for outdoor relaxation and entertaining. Energy efficiency is enhanced with a solar lease already in place. Outside, enjoy a variety of mature fruit trees and the tranquil setting that defines Country Estates living. With its well-maintained condition, versatile layout, and desirable location, this home is a rare opportunity to experience comfort, privacy, and scenic beauty all in one. Welcome home!
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.
