A remarkable offering to own a private sanctuary at 224 Tumble Creek Lane — a single-story, adobe mid-century modern residence nestled on 5.05 breathtaking acres in the desirable Tumble Creek Estates. The heart of the property is your private ½-acre natural pond with a charming babbling brook waterfall, home to koi, turtles, bullfrogs, crawfish, and numerous majestic waterfowl including white and grey herons, ducks, cormorants, and the occasional owl. Private hiking trails wind throughout the acreage, traversing around the creek and pond, offering peaceful daily encounters with nature right on your own land. This beautifully upgraded 3-bedroom, 3-bath home (2,690 sq ft) welcomes you with an open, light-filled layout and premium finishes throughout, including a stunning tray ceiling that adds architectural elegance. Floor-to-ceiling windows and nine sliding glass doors frame sweeping views and seamlessly blend indoor and outdoor living. Enjoy the saltwater pool and spa (solar-heated with a variable-speed pump), a spacious entertaining deck that spans the entire back of the home, a fruit orchard with over 50 trees dotting the land, 14 raised garden beds, and a dog run. Owned solar panels keep energy costs exceptionally low, and the property includes a private well for irrigation that fills the pond as needed and irrigates all that you can plant. This property offers RV Hookups and easy RV parking. Additional highlights include two en-suite bedrooms with walk-in closets; Also, a third bedroom and full bath are thoughtfully placed in their own wing of the home. Do you work from home? The flexible bonus room attached to the garage makes a beautiful space for remote work with a view overlooking the pool. And don't miss the speakeasy-style, hidden-away wine cellar. Enjoy an oversized garage and ample parking space on a generous flat parking area. This premium residence is filled with thoughtful and elevated upgrades throughout, including a newer roof, plumbing, updated bathrooms, and a custom-designed kitchen featuring Dacor appliance package. Whether you're kayaking in the pond, exploring the trails, harvesting from your own garden, or entertaining under the stars, this rare estate offers the perfect balance of privacy, luxury, and connection to nature. Tucked away in serene countryside yet conveniently located within minutes to local amenities — this is Fallbrook living at its most tranquil. A true private oasis — A once-in-a-lifetime opportunity.
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.
