Best available value in desirable Top O' Topanga! Lowest price per square foot among active 3-bedroom homes in this gated community, wonderfully located between Calabasas and Malibu. 1,736 sq ft single-story — one of the largest floor plans available. Fee simple ownership — you own the land Newer construction: built in 2001. Over $200,000 in high-end upgrades 3 Bedrooms | 2 Baths | 2 separate wings Covered carport + guest parking nearby Resort-style gated community w/ pool, spa, gym, library & trails Assumable loan with favorable interest rate (ask for details) Also available for lease at $4,400/mo. Set within one of Topanga’s most desirable gated communities, this 1,736 sq ft single-story residence offers the lowest price per square foot among current 3-bedroom homes—delivering space, upgrades, and lifestyle value rarely found at this price point. Thoughtfully remodeled with over $200,000 in upgrades, the home blends warmth, craftsmanship, and everyday functionality. The open living and dining areas are filled with natural light, anchored by new heart-pine flooring and a chef’s kitchen featuring a solid walnut prep island, custom white lacquer cabinetry, farmhouse sink, stainless steel appliances, and a vented skylight that brightens the entire living core. The floor plan is ideal: secondary bedrooms are privately separated, sharing a fully renovated bath with rainfall shower and Calacatta quartz vanity. The spacious primary suite features custom mahogany millwork and a spa-inspired bath with stone shower base and handcrafted walnut cabinetry. Outdoors, a sun-filled patio is framed by mature fruit trees—grapefruit, peach, olive, and Japanese magnolia—along with irrigated vegetable planters and soft evening lighting, creating a peaceful garden retreat. Parking includes a covered carport with additional guest parking nearby—a practical solution within this community, where owners enjoy resort-style amenities including pool, spa, gym, library, playground, hiking trails, and panoramic viewing decks. * Fee simple ownership — you own the land * One of the largest floor plans available * Lowest $/sq ft among active 3-bedroom homes * Small assumable loan with favorable rate (details available) Minutes to Calabasas, Malibu, Woodland Hills, and Pepperdine—this is space, quality, and value aligned. Enjoy a peaceful lifestyle in an idyllic setting nestled in greenery, with breathtaking panoramic views, yet close to all!
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.
