Welcome to this beautifully maintained Canyon Lake home that truly showcases pride of ownership! Ideally located near the main gate, you'll enjoy a quick golf cart ride to the Canyon Lake Town Center and Country Club while benefiting from one of the community's most convenient locations. This thoughtfully designed home features 3 bedrooms, including two guest bedrooms on the main level and a private upstairs primary suite—your own "Captain's Quarters" retreat. The versatile dining room is currently being utilized as a home office, but can also work as a playroom, gym, or flex space to fit your lifestyle. Recent upgrades provide both style and peace of mind, including a freshly painted exterior, repapered roof, and paid-off solar under NEM 2.0, helping keep energy costs low year-round. The updated kitchen features beautiful new cabinetry, quartz countertops, and modern finishes. Both bathrooms have been tastefully remodeled with new quartz countertops, tile flooring and custom shower doors. Inside, the inviting living room is enhanced with custom crown molding and durable laminate wood flooring. The adjacent family room, complete with a cozy wood-burning fireplace, creates the perfect setting for relaxing evenings or entertaining guests. The outdoor spaces have been equally improved with new vinyl fencing, additional concrete work, and dedicated RV/boat parking with convenient side-gate access. Energy-efficient windows and French doors open to a low-maintenance backyard designed for easy living. Both the front and rear yards feature attractive artificial turf, offering year-round curb appeal with minimal upkeep and reduced water usage. As the sun sets, all-new exterior lighting beautifully illuminates the home and offers customizable colors for holiday displays and special occasions. Completing the property is a spacious 3-car garage with ample room for vehicles, golf carts, recreational equipment, and storage. This exceptional Canyon Lake home combines modern upgrades, energy efficiency, and a prime location. A must-see property that is sure to impress!
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.
