Total Living Space: 2726 SF_ Main House: 2176 SF_ ADU: 550 SF This beautifully reimagined 1930s Spanish-style residence seamlessly blends old-world charm with refined, sustainable living. Rich in character and thoughtfully updated throughout, the main residence and private guest retreat—“La Casita”—offer an elevated lifestyle defined by tasteful design, effortless indoor-outdoor flow, and forward-thinking energy efficiency. From the preserved architectural details to the curated modern upgrades, every element of this home has been designed to inspire comfort, beauty, and a true sense of place. The main home features 4 bedrooms (with one bedroom and bathroom downstairs, an office, and 2 bathrooms . Refinished hardwood flooring, plantation shutters, new lighting and classic Spanish details create a rich sense of character, thoughtfully enhanced with refined modern updates. Designed for sustainable luxury living, this fully electric home utilizes no gas and features advanced heat pump systems for heating, cooling, and hot water, complemented by 26 owned solar panels. The light-filled main residence offers a seamless flow ideal for both entertaining and everyday living. The chef’s kitchen is beautifully appointed with high-efficiency stainless steel appliances, custom cabinetry, stunning tilework, and stone countertops. The spacious living room showcases a custom fireplace with mantle and electric insert, creating a warm and inviting focal point. The formal dining room opens to the exterior courtyard through double French doors, offering the perfect setting for alfresco dining. "La Casita" is a beautiful retreat with a sleeping area, open-beam ceilings, vintage chandeliers, hardwood flooring, a beautifully appointed kitchen with island, fireplace, a perfect space—ideal for guests, multigenerational living, or income potential. Just a short walk to the vibrant restaurants, cafe's and shops of Willow Glen, this home is a rare offering where timeless Spanish design, modern amenities, and sustainable living come together beautifully.
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.
