Welcome to 17 Puesto, a beautifully designed 55+ single-level home located in the highly sought-after Arista enclave of the award-winning community of Rancho Mission Viejo. Tucked at the end of a quiet cul-de-sac in the highly sought-after 55+ Gavilan neighborhood of Esencia, this beautifully designed home offers the perfect blend of comfort, privacy, and the relaxed lifestyle that makes Rancho Mission Viejo so special. With 2 bedrooms, 2.5 baths, plus an office and approximately 1,864 square feet, this residence was thoughtfully designed for easy everyday living and effortless entertaining. Step inside and you’ll immediately notice the openness of the floor plan and the natural flow between spaces. Large sliding panels open to the stunning covered lanai, creating seamless indoor-outdoor living and allowing coastal breezes to move through the home. Whether it’s morning coffee, afternoon reading, or hosting friends for an evening gathering, this space quickly becomes a favorite place to spend time. The kitchen anchors the home with white shaker cabinetry, quartz countertops, stainless steel appliances, and a 5-burner gas range. The private primary suite offers a peaceful place to unwind, featuring dual vanities, quartz countertops, a glass-enclosed shower, and a spacious walk-in closet. The secondary bedroom includes its own ensuite bath, creating a comfortable and private space for visiting family or friends. Additional highlights include fully paid solar, a tankless water heater, and an interior laundry room. With its peaceful cul-de-sac location and thoughtful design throughout, this home delivers the kind of quiet, comfortable living that makes every day feel a little more like a retreat. Beyond the home, you’ll enjoy a vibrant, resort-style lifestyle with exclusive access to private Gavilan 55+ amenities, including The Perch, The Hacienda, The Outlook, The BBQ Barn, and The Getaway. Stay active and connected with a state-of-the-art fitness center, saltwater pool, spa, cabanas, bocce ball courts, yoga studio, fire pits, and social lounges. And when the grandkids visit? You’ll have full access to Rancho Mission Viejo’s award-winning all-ages amenities, arcade, community farms, fitness centers, indoor basketball gym, putting green, Sports park, tennis and pickleball courts, parks, and events that make this community unlike any other.
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.
