Welcome to lakefront living in Spring Valley Lake at 18310 Niagara Drive, where your backyard becomes the water and everyday life feels like a private retreat. This beautifully remodeled single story home sits directly on the lake with your own private dock, offering true waterfront living in one of the most sought after communities in the High Desert. From the moment you walk in, you will notice the attention to detail with wood looking tile flooring throughout most of the home, tall baseboards, smooth textured ceilings, and updated recessed lighting that creates a clean and modern feel. The kitchen has been fully upgraded with granite countertops, all new soft close cabinetry, stainless steel appliances, and a striking herringbone backsplash that adds a custom designer touch. The home also features all new windows, a newer HVAC system installed within the last few years, and a tankless water heater for added efficiency and comfort. The living room offers a cozy painted fireplace with a gas line and opens up to the backyard, creating a seamless indoor outdoor flow. The bedrooms are well appointed with updated flooring, mirrored closet doors, and great natural light. The hall bathroom features a subway tile shower with glass enclosure, quartz counters, and a clean modern finish. The primary suite is positioned to capture the lake, with multiple windows showcasing the water view, dual sliding closets, and direct access to the backyard. The primary bathroom has been thoughtfully upgraded with a large soaking tub, herringbone tile shower with glass doors, dual vanities, and granite counters. Step outside and this is where the home truly comes to life. A covered patio, grassy yard, and built in BBQ island area creates the perfect setup for entertaining, while your private wood dock puts you directly on the lake. The view stretches across open water with mountain backdrops, giving you one of the best vantage points in the community. There is also a side gate for added access and functionality. Spring Valley Lake is more than a neighborhood. It is a lifestyle. Kids ride bikes through quiet streets, neighbors cruise in golf carts, and every Fourth of July the lake becomes the stage for an incredible fireworks show right over the water. Residents also enjoy access to parks, beaches, and for those who choose to join, the Bear Valley Lake Country Club with private dining, pool, fitness center, and golf. Upgrade your lifestyle to lake living.
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.
