Location, Location... This corner lot home is located in the private gated Bear Creek enclave of the amenity-rich Palisades community. Bear Creek is one of the most highly desired neighborhoods in the entire Palisades Community. This exceptional two-story brick-and-stone residence was built by Cal-Atlantic with the most forward-thinking designs and layout. As you enter this home the dining room on the right can be used as an office. You can't miss the level of trim work throughout this home. Check out the Crown Molding throughout the first floor. As you continue, enter the spacious family room, and you will see the stone gas fireplace before you and surround sound above you. You will also find the 'open' floor plan most buyers are looking for today! The gourmet chef's kitchen—complete with custom soft-close cabinetry, oversized granite countertops, a double-oven setup that many buyers desire. The appliance package is sure to please with stainless steel gas cooktop, all KitchenAid Appliances and a steel Farmhouse sink. The extended Breakfast area is adjacent to the chefs kitchen and has ample room for a long table so everyone can join in. From the breakfast area, step outside to a beautiful deck overlooking a patio for cookouts and gatherings. The backyard has a private wooded backdrop—ideal for gatherings or just enjoying the natural beauty with the sound of the water fountain in the background. The home already has 'gutter guard' installed throughout the perimeter of the home. The main level of the home is where the primary suite is located, featuring two walk-in closets, dual vanities, a soaking tub, and a glass-enclosed shower with a seating. The upstairs of this home has a great flow to it with a bonus room and three nicely-sized bedrooms with walk-in closets and a bonus room with surround sound. The home has hardwood floors throughout the first floor except wet areas, 2 1/2 half baths and a 2 car garage. The upstairs also has your storage needs handled with two walk in attic storage areas off the bonus room. Residents in The Palisades enjoy access to impressive community amenities, including a clubhouse, outdoor pool, fitness center, playground, pickleball and basketball courts, and walking trails, with optional golf/tennis and social memberships available through the award-winning Palisades Country Club. Inside the community is also a privately owned soccer academy open to those who want to advance their soccer skills from beginner to advanced club level competition. Come join us and live, love and enjoy your life at the Palisades and this great 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.
