Welcome to 15921 Melva Street Mojave, CA This house is back on the market after having a Brand new roof installed in April 2026 & the Dual evaporative cooling systems serviced & made ready for summer by a licensed HVAC technician! The home also has new updated dual-pane windows & slider door recently installed | This charming 1957 bungalow beautifully blends vintage character with thoughtful modern updates. This single-story split-wing home offers 3 bedrooms, 2 bathrooms, and 1,724 sq ft of comfortable living space filled with warmth and personality. Step inside to find upgraded flooring, updated dual-pane windows and sliders, plantation shutters, and beam ceiling details that highlight the home's rustic charm while blending old and new together. The home features both a formal living room and a spacious family room centered around a cozy wood-burning stove -- perfect for chilly desert evenings. The open kitchen and dining area feature stainless steel appliances, while the indoor laundry room adds everyday convenience.The private primary suite is tucked away in its own wing and includes an upgraded ensuite bathroom with a custom pebble-floor shower. An attached garage adds functionality and storage. Outside, enjoy your own private desert oasis featuring a gated yard, covered patio, vinyl-lined pool with pump system, above-ground spa/hot tub, dog run, storage shed, and plenty of room to relax or entertain. The home has two roof Evaporated cooling systems for air conditioning and and wood burning stove and a wall heater for heat. Conveniently located near major aerospace and military employers including Edwards Air Force Base, Mojave Air & Space Port. Whether you're looking for a charming starter home, desert retreat, or investment opportunity, this property offers endless potential.
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.
