SKYLINE RANCH-APPLE VALLEY Charming community and this fabulous property flaunts thoughtful living space, graciously set on a superb & sprawling 27,312 square foot lot. This floor plan has a harmonious layout with 4 well-appointed bedrooms and two full sized bathrooms. An additional bedroom, strategically located on the opposite side of the home, offers versatility and privacy—ideal for accommodating guests or creating a secluded home office. The residence is ornamented with updated painting and sophisticated wood-look tile flooring, exuding modern charm and trendiness. Designed for both intimate gatherings, plentiful space for multiple guests, or grand occasions, the expansive family and dining areas offer a perfect blend of style and functionality. The heart of this sweet home is geared for the foodie, coffee/tea connoisseur and family togetherness lifestyle will appreciate the exceptional storage and cabinetry, ensuring a seamless cooking and home-sweet-home experience. Indulge in the convenience of an indoor laundry and utility room, further enhanced by a whole house water filtration system, providing fresh and pure water throughout the home. Comfort is paramount, with air conditioning and ceiling fans ensuring a pleasant climate year-round. Outdoors this property offers a lovely sanctuary and it truly shines, featuring a vast yard with artistic Joshua Tree placements, a fire pit, and a patio, setting the stage for endless family fun and relaxation. RV parking is thoughtfully provided on both sides of the home, catering to all your adventure needs. The home is equipped with leased solar panels, promoting an environmentally conscious lifestyle while offering utility savings when you need it most! This Apple Valley gem is not just a house; it's a HOME and wonderful lifestyle—where fun, comfort, creativity, and intelligent design create a melodious living experience.
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.
