Charming, Clean, and Full of Character! Nestled in the picturesque and peaceful town of Paradise, this delightful 2-bedroom, 2-bathroom home with a den is bursting with personality and packed with features you'll fall in love with. From the moment you walk through the front door, you’ll be welcomed by an inviting open floor plan that effortlessly combines style and comfort. Beautiful laminate flooring stretches throughout the living space, complemented by soft, neutral tones on the walls and an abundance of natural light streaming through the numerous windows. The spacious living area is perfect for cozy movie nights or casual gatherings with friends and family. Love to cook or entertain? The kitchen is a dream come true for any home chef. It boasts warm wood cabinetry, gleaming granite countertops, stainless steel appliances, a gas range, and a generously sized center island with a breakfast bar — ideal for enjoying your morning coffee, quick bites, or chatting with guests while you cook. Need a little extra space? This home has you covered with a versatile bonus area that can easily transform into a home office, game room, home gym, or a cozy guest retreat — the possibilities are endless! When it’s time to unwind, the serene primary suite offers a peaceful retreat with plenty of space to relax and recharge. It features an en suite bathroom complete with a large walk-in shower for that spa-like feel. Additional amenities include recessed lighting, a convenient indoor laundry room, two spacious guest bedrooms, and a separate storage shed that’s perfect for yard tools, hobbies, or additional storage. The backyard is ready for summer fun — fire up the grill, host unforgettable barbecues, or simply soak up the sunshine in your own private outdoor oasis. With its charming curb appeal, fantastic location, and a long list of desirable features, this home isn’t just a place to live — it’s a place to truly love life. Don’t miss out on this Paradise gem!
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.
