Assumable VA Loan at 2.25%! Sometimes a home comes along that not only meets your needs—but creates a true sense of peace the moment you arrive. Welcome to your Private Oasis in a peaceful, friendly cul-de-sac where neighbors truly look out for one another. This stunning ranch features an open concept layout while offering over 3,000 sq.ft. of thoughtfully designed living space with 3 bedrooms and 3 full baths (w/ample extra room for a workspace as well), perfectly blending modern efficiency, luxury amenities, and resort-style outdoor living. Inside, you are greeted to beautiful wood flooring and bright natural light that pours in through brand new skylights & spacious open living areas. The chef's kitchen has double ovens, a 5 cooktop gas range, Energy Star certified updated appliances and a brand new Fridge. Cozy up by the fireplace in the living room, entertain effortlessly at the wet bar, or enjoy 9-channel Dolby surround sound for movie nights! The home is prepped for seamless entertaining—you can easily host 40+ guests in style. Energy-efficient windows and doors, Dual HVAC zones w/Nest digital programming, two whole-house fans, a security system, and touch-plate lighting keep utilities incredibly low and comfort high. The owned 7.48 kW solar system (with transferable 18 year remaining warranty) produces an impressive 12.2 MWh annually, powering the home with included in-garage Level II EV charger resulting in an average monthly electric bill of just $42. Out back, dive into your massive saltwater pool (w/a solar heating cover to give you more swimming months), or just relax by the soothing waterfall. The extra-large gazebo is pre-wired for speakers and cable TV or fire up the gas grill and rotisserie for endless BBQs. Harvest fresh fruit year-round from the orchard featuring grapefruit, variety of oranges, avocados, pineapple, guava, limes or enjoy weekly fresh cut roses. The fully enclosed backyard ensures privacy, while professional landscaping, low-voltage lighting, and a digitally controlled irrigation system keeps everything lush and low-maintenance. Close to rated schools, parks, hiking trails, wineries, and the renowned Safari Park—Alapat Dr., with NO HOA and LOW TAXES, gives you the perfect balance of tranquility & convenience with breathtaking mountain views. Move-in ready & loaded with many upgrades, this home is designed for effortless, eco-conscious living with unforgettable gatherings. Don't miss your chance to live this experience!
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.
