Welcome Home to Westside Templeton, in the Heart of the Central Coast Living! This beautifully maintained single-level residence, gracefully positioned on an expansive 0.4-acre parcel within one of Templeton’s most desirable neighborhoods Wildwood!. Designed for both comfort and elegance, this exceptional property blends privacy, space, and effortless indoor-outdoor living. The thoughtfully designed open floor plan welcomes you with a spacious family room centered around a warm fireplace, flowing seamlessly into an inviting dining area and a stunning chef’s kitchen. A generous center island offers ample seating and becomes the natural gathering place for entertaining, casual dining, and everyday living. Privately situated, the luxurious primary suite offers a peaceful retreat featuring a large walk-in closet, dual vanities, soaking tub, separate walk-in shower, and direct access to the backyard—perfect for enjoying morning coffee or evening sunsets in total tranquility. Step outside to a remarkable backyard sanctuary framed by mature landscaping and fruit-bearing pear, apple, and plum trees, along with a magnificent magnolia tree. A private hot tub is tucked away and located off the family room and kitchen for entertaining. The expansive grounds present endless possibilities, whether envisioning a resort-style pool, outdoor kitchen, garden retreat, or play space for family and pets. Additional highlights include a spacious three-car garage with convenient rear access via private road, dedicated RV parking, energy-efficient solar panels, and an instant hot-water recirculation system for everyday comfort. The generous lot and zoning also provide future potential for an ADU, creating opportunities for guest accommodations, multigenerational living, or supplemental income. Ask about the ADU Plans! Ideally located just minutes from Templeton’s charming downtown, residents enjoy boutique shops, wine tasting rooms, popular farmers markets, scenic hiking trails, and highly regarded schools. This home offers the perfect blend of relaxed luxury, convenience, and long-term investment potential. More than a residence, this is a lifestyle opportunity—an exceptional place to live, entertain, and create lasting memories on California’s beautiful Central Coast. Cheers!
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.
