Bigger Lot. Smarter Upgrades. Move-In Ready. Skip the wait, skip the dust—this upgraded home in CantaMia's 55+ resort-style community gives you more than new construction can. Sitting on an expansive 8,815 sq. ft. lot, it offers space and privacy you won't find in today's smaller builds. Inside, you'll find a bright, open layout with tile flooring, wood shutters, and designer touches throughout. The spacious kitchen is ready for entertaining with granite counters, a large island, staggered cabinetry, custom backsplash, pendant lighting, and stainless appliances—including gas cooktop, range hood, stacked oven/microwave, and refrigerator. The great room flows seamlessly off the kitchen, while a den gives you flexible space for an office, crafts, or a guest room. Retreat to the primary suite featuring a bay window, dual sinks, walk-in shower, and spacious walk-in closet. Guests will feel right at home with a full bath, carpeted bedroom, ceiling fan, and shutters. Practical upgrades already in place: new (2023) gas water heater, owned water softener, washer/dryer, sink in laundry, garage with direct access and opener, and custom steel entry screen door. Out back, relax under the extended covered patio with ceiling fans and roller shades while enjoying your desert-designed landscape. Plenty of space to bring your own pool design to realty. Fully OWNED SOLAR ads to energy efficiency, along with ceiling fans throughout to enhance your comfort and savings. No waiting on builders, no nickel-and-diming for extras everything is here, finished, and ready for you. CantaMia Amenities include a 26,000 community center, indoor and outdoor pools, gym, activities for all interests, cafe and hiking/biking paths all within a lake inspired community. Enjoy your best lifestyle in CantaMia.
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.
