Here is a more persuasive, polished rewrite that tightens the language, elevates the value proposition, and strengthens the call to action while remaining professional and MLS-appropriate: This property qualifies for a 2-1 interest rate buy-down—an exceptional opportunity to significantly reduce your monthly payment. Contact the listing agent for details. Stunning Family Retreat on Spirit Rd Welcome to 16478 Spirit Rd, a beautifully appointed residence located in one of Moreno Valley’s most desirable and fast-growing communities. This home delivers the space, comfort, and lifestyle today’s buyers are looking for without compromise. Offering 5 bedrooms, 3 bathrooms, and 2,605 square feet of thoughtfully designed living space, this home provides flexibility for growing families, multigenerational living, or work-from-home needs. Designed for Comfort, Living & Entertaining The open-concept layout creates a seamless flow between living spaces, anchored by a cozy gas fireplace—perfect for relaxing evenings or hosting guests. A main-level bedroom and full bath add valuable versatility, ideal for visitors or extended family. Residents enjoy access to a community pool and clubhouse through a reasonable HOA, allowing you to enjoy resort-style amenities without the burden of upkeep. Exceptional Location for Active Living Outdoor enthusiasts will love the proximity to Pedrorena Park and Victoriano Park, offering playgrounds, sports fields, and open green space. Weekend adventures are easy with Box Springs Mountain and Lake Perris just minutes away, providing hiking, boating, and outdoor recreation. Dining, Shopping & Everyday Convenience Moreno Valley’s vibrant dining scene is right at your fingertips, featuring popular favorites such as Portillo’s, BJ’s Restaurant & Brewhouse, Kalaveras Mexican Grill, and Cornerstone BBQ—perfect for casual meals or nights out. Ideal for Commuters & Connected Lifestyles With quick access to the Moreno Valley/March Field Metrolink Station, State Route 60, and Interstate 215, commuting to Riverside, Los Angeles, and surrounding areas is efficient and stress-free. Strong Community & Educational Opportunities Families benefit from schools within the Val Verde Unified School District, along with nearby Moreno Valley College and community libraries that support lifelong learning and growth. A Smart Move—Now and for the Future Whether you’re a first-time buyer seeking room to grow or a move-up buyer focused on long-term value, 16478 Spirit Rd offers an exceptional blend of space, lifestyle, and financial opportunity—especially with the available interest rate buy-down. Schedule your private showing today and experience the value this home truly offers.
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.
