Welcome home to the gated Springs at Valencia, where comfort and style blend seamlessly! Beautiful 3 bed, 2 bath gem is ready to please all who enter from the the front door to the backyard! Imagine an unwind staycation by a sparkling community pool! Close to all things major, including shopping, unique eateries, highways and tollways! Step inside to the formal dining or study option and garage access! This front room features elegant storage options, ceiling fan, and a custom barn door! This kitchen is to die for! Boasting upgraded stainless appliances, huge island with ample bar seating, sink and dishwasher. Gas cooking and copious cabinet to counter storage! Discreet closet pantry options just around the corner! Simulated wood beams welcome you to a spacious living area with an upgraded sliding glass door, surround sound wiring and ceiling fan! Primary suite is a sanctuary with sitting area, multiple layout options, another simulated wood beam and carpet-less! En suite is indulgent with dual vanities, powder closet, luxurious soaker tub, and an oversized shower. En suite flows into a huge closet with seasonal storage and continues into a laundry room with dual access doors! Additional beds each with their own ceiling fans and generous closet space! Guest bath also includes dual vanities and shower-tub combo! Backyard is THE entertainer's paradise, featuring some distinct covered patio areas. One attached to the home and perfect for relaxing! Another is a dream retreat with hot tub, motorized screens for privacy, and fans. A "third" patio area is plumbing and electrical ready and suited to handle most outdoor kitchen setups. Roofing installed in 2025. Hot tub remains with good offer. Come experience the best of Springs at Valencia! Take the 3D & virtual tours! Then call a REALTOR for a private viewing!
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.
