A rare opportunity to own a truly one-of-a-kind property on nearly 1/5 of an acre—with all the convenience of in-town living. Thoughtfully designed for comfort, entertaining, and everyday enjoyment, this custom 1,722 sq. ft. residence offers 3 bedrooms, 2 bathrooms, a flexible living room (possible 4th bedroom,) family room, sunroom, sparking swimming pool, relaxing lanai and a 2-car garage. The heart of the home is an inviting kitchen featuring a carefully crafted breakfast bar, stainless steel appliances, industrial hood, abundant cabinetry and recessed window w/view of the beautiful flowers, white picket fence and front landscape. The family room showcases a remarkable conversation piece—a historic fireplace mantel salvaged from a Santa Cruz mansion dating back to the 1890s. The versatile front living area easily adapts as a 4th bedroom, office, library, or media retreat. The primary suite features a primary bathroom with spacious walk-in shower with built-in seating. The guest bath offers a soothing Jacuzzi tub, artistic styling and spoil yourself with a dedicated vanity. Natural light pours through skylights and dual pane windows. Thoughtfully placed recessed lighting, tailored baseboards, elegant ceiling details, ceiling fans and quality craftsmanship throughout and more. Step outside and discover what makes this property unforgettable. A gated dazzling pool is surrounded by beautiful stamped concrete patios and walkways, stately palm trees, creating the perfect setting for summer gatherings and peaceful evenings alike. Enjoy morning coffee beneath the lanai, admire your front yard from the entry porch, relax in the sunroom with French doors, tackle projects in the dedicated work area, while taking advantage of the storage shed for hobbies and organization. The grounds are a gardener's dream, with a flourishing strawberry patch and mature Granny Smith apple, Meyer lemon, Key lime, and dwarf navel orange trees. Tucked away you'll find a whimsical Secret Garden and gated dog run, offering privacy and charm. From the custom exterior detailing and distinctive architectural touches to the resort-inspired backyard, this is the kind of property people wait years to find—and wish they hadn't let slip away. Schedule your private showing before someone else calls it home!
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.
