Welcome to 16112 Century Plant Rd in Apple Valley, a truly one of a kind estate offering space, privacy and endless possibilities on a fully fenced and cross fenced one acre lot with breathtaking views in every direction. This exceptional pool home is designed for both comfort and functionality featuring five separate cross fenced yard areas with easy access gates ideal for animals, storage or creating your own private outdoor spaces. A private recorded side road provides convenient access to the rear of the property making it perfect for RVs, trailers and all your toys complete with a 50 amp hookup for easy plug in. Step into your own backyard retreat where a sparkling pool with waterfall is surrounded by vinyl fencing along with solar tube panels dedicated to pool heating plus a above ground jacuzzi. Enjoy outdoor living with two covered patios one with a ceiling fan, two oversized pergolas with privacy blinds and a beautifully designed rock and brick entertaining area. The property also features a dog kennel, rear carport and multiple functional outdoor zones including a paver side yard that can serve as a garden, dog run or additional storage space. Inside the home offers approximately 14 foot ceilings, skylights for natural light and ceiling fans throughout. The spacious living room features a cozy fireplace while the primary suite is a true retreat with its own fireplace, double door entry and unique architectural design. The primary bathroom includes a Victoria and Albert soaking tub, dual vanities, stained glass accents and a large walk in closet. The kitchen and dining areas offer abundant cabinetry, a walk in pantry with a stained glass door and a breakfast nook just off the kitchen. An added bonus is the detached exterior room with its own heating and air conditioning perfect for a home office, gym or guest space complete with French doors and natural light. Additional features include 30 solar panels on the home, a new 50 amp RV outlet, a brand new water heater built to current standards, a second water heater installed in 2017, updated toilets in two bathrooms, a new water pressure regulator and a solar diverter installed in the garage in 2024. This property offers the rare combination of privacy, versatility and lifestyle with room to bring all your toys, create your own spaces and enjoy peaceful desert living.
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.
