Welcome home to this beautifully maintained Colonial-style gem in the desirable Steveston subdivision! Offering 3 BR & 2.5 BA, this inviting home combines comfort, functionality, & charm throughout. Step inside to a welcoming foyer that opens into a spacious living room featuring a cozy gas fireplace & ceiling fan,the perfect place to gather and unwind. Custom moldings throughout the home add timeless character & elegant detail to the living spaces. The formal dining room is ideal for hosting family dinners or holiday celebrations,while the bright eat-in kitchen offers abundant white cabinetry,white appliances,laminate countertops,breakfast bar,pantry, & a sunny dining area for casual meals. Upstairs,the spacious primary suite features brand-new carpet,a ceiling fan,& a private attached bath complete with a single vanity,tub/shower combination,& linen closet. Two additional bedrooms also feature new carpet,generous closet space,& easy access to the shared hall bath. Pull-down attic storage adds even more convenience.Recent updates include fresh paint throughout & new carpeting upstairs & in all bedrooms,making this home truly move-in ready.The first floor showcases attractive hardwood & laminate flooring for easy maintenance & timeless appeal. Enjoy outdoor living on the spacious 15x15 back deck overlooking a beautifully landscaped,fully fenced backyard. Established garden beds include beautiful low maintenance perennials,fruit-bearing plants such as strawberries,blueberries, raspberries & blackberries,creating your own private retreat perfect for entertaining,pets, gardening,or simply relaxing after a long day. An attached storage w/ shelving & a place to store bikes as well as a detached shed provide additional storage space. GAF weather stopper integrated roofing system installed 2016-shingles have 50 yr warranty that is transferable. Located close to shopping,dining,entertainment & just a few minutes from interstates 64,295 & 288.Don’t miss your opportunity to own this wonderful home.Schedule your tour today!
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.
