You aren’t drawn to this home because it’s convenient—though it is. Just minutes from the 15 freeway, shopping, and set within the sought-after Rosena Ranch community with a resort-style pool, a splash pad, spa, clubhouse, BBQ areas, and a state-of-the-art 24-hour fitness center. You’re drawn to it because it feels like calm. Like coming home to a slower rhythm, where space and sunlight meet in perfect balance. This beautifully maintained single-story home has been lovingly cared for, with fresh paint, tile flooring in the main living areas, and an open layout that makes gathering effortless. The kitchen sits at the heart of it all—anchored by a large island with generous seating, ample cabinetry, and open sight lines that connect naturally to the living and dining spaces. A modern fireplace and custom built-in bookshelves create a space that feels both welcoming and refined. Four bedrooms offer flexibility and comfort, while the two spacious bathrooms add a touch of calm to your daily rhythm. The primary suite is spacious and serene, a retreat from the pace of daily life. Modern conveniences include solar panels and an indoor laundry room—each adding ease and efficiency to your day. Step outside to a covered patio with built-in lighting, ideal for warm evenings and quiet mornings alike. The backyard is private, peaceful, and perfectly suited for outdoor dining or simple relaxation. This is more than a home in Rosena Ranch. It’s a space for connection, comfort, and contentment—a reminder that life doesn’t have to move fast to feel full.
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.
