Welcome to this beautifully maintained pool home nestled in the desirable North Hills area of La Habra. Situated on an expansive approximately 10,000 sq ft lot, this exceptional residence offers the perfect blend of comfort, space, and resort-style outdoor living. Featuring 4 spacious bedrooms and 3.5 bathrooms, including two spacious bedrooms that each have their own full en suites. This home provides an ideal layout with separate living spaces, each showcasing its own inviting fireplace — perfect for relaxing, entertaining, and creating memories. The thoughtfully designed backyard is truly an entertainer’s dream, featuring a sparkling pool, built-in BBQ area, outdoor fireplace w/ an entertainment area. The beautifully landscaped grounds showcase pride of ownership with lush greenery and a peaceful atmosphere. The generous lot size offers endless possibilities for gatherings, play, and enjoying the California lifestyle. Additional highlights include a 3-car garage, PAID OFF solar panels, beautifully cared-for home and a welcoming floor plan with plenty of space for family and guests. Located in one of La Habra’s most sought-after neighborhoods, North Hills is a peaceful, family-friendly community known for its well-kept homes, good schools, and strong community spirit. This North Hills gem offers the perfect combination of elegance, privacy, and convenience. Don’t miss the opportunity to make this stunning property your own!
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.
