LOCATION AND VIEWS!! Welcome to the ultimate in lake living. This property offers the flexibility to enjoy it as a shared multi-family getaway or a spacious single-family home. Located on a 0.34-acre lot inside the gated Heritage Ranch community at Lake Nacimiento, this property blends comfort, style, and easygoing lake living, all surrounded by beautiful mountain views and protected open space. There’s plenty of parking for all your trailers, vehicles, and lake toys, on the driveway and an oversized garage for a wake surf boat, trailer or extra storage. A separate 575 sq. ft. bonus suite (not included in the home’s square footage) includes a private gym, office, and half bath—perfect for working remotely, staying active, or creating your own hangout space. Inside, high beamed ceilings, two stone fireplaces, a wet bar, and two roomy living areas make the home feel warm, open, and ready for entertainment. The kitchen is built for both everyday meals and lake-day gatherings, featuring a center-island cooktop, double ovens, stainless steel appliances, a walk-in pantry, built-in buffet, and breakfast bar. Two primary suites each offer walk-in closets, dual vanities, walk-in showers, and sliding doors that open to outdoor spaces—one even includes a private lounge or office area. A third guest bedroom with a full bath and a separate laundry room add to the home’s easy, functional layout. Step outside and enjoy incredible views from the private patio, complete with a large, covered space for dining, a covered hot tub, and plenty of room to relax and take in the surrounding scenery and wildlife. Fully owned solar panels installed in 2024 and a new roof help keep energy costs low and worry-free. Living at Heritage Ranch means enjoying the full lake lifestyle, community events, with access to a private marina and boat launch, two community pools, tennis and pickleball courts, scenic trails, parks, playgrounds, an equestrian center, and 24-hour gated security—everything you need for laid-back, adventure-filled days at the lake. Oak Hill Market, Cappy Culver (to 8th grade), Restaurants, Gas, Gym and Hairitage Salon it's country living with all the conveniences of the city. The town of Paso Robles, famous wineries and the beach are all a short drive away.
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.
