Incredible financing opportunity: This property offers a 3.24% transferable interest rate, giving the next buyer incredible buying power compared to similarly priced homes. Welcome to this beautifully maintained 4-bedroom, 3-bathroom home nestled in the highly desirable Skyline Ranch community of Santa Clarita. This is a rare opportunity to claim a move-in-ready home. Inside, a bright open-concept layout flows effortlessly from the main living area into a spacious kitchen and dining space designed for both everyday living and effortless entertaining. The chef-inspired kitchen showcases a large center island with seating, abundant cabinetry, sleek countertops, stainless steel appliances, and contemporary lighting that sets the perfect mood. Upstairs, escape to a generous primary suite that feels like your own private retreat, complete with a spa-inspired bathroom featuring dual sinks, a large walk-in shower, and a spacious walk-in closet. Additional bedrooms offer the flexibility you need whether for family, guests, or a dedicated home office. Step outside to a thoughtfully designed, low-maintenance backyard with artificial turf, a patio for al fresco dining, and plenty of room to relax and recharge. The curb appeal is just as welcoming, with tasteful landscaping and a clean, modern exterior that makes coming home feel like an arrival. As a Skyline Ranch resident, you'll enjoy access to The Lookout clubhouse, resort-style pools and spas, fitness centers, and miles of scenic trails.
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.
