Kite Hill is one of South Orange County's most sought-after communities — and this is one of its most coveted addresses. Positioned on a quiet corner-to-cul-de-sac lot directly adjacent to Laguna Niguel Regional Park, the setting delivers something increasingly rare: a peaceful, private feel with open space as your neighbor, not more houses. The location within Kite Hill is exceptional on its own terms. Fewer direct neighbors. Ample street parking. A natural park boundary that creates breathing room few lots in the community can match. Yet freeways, shopping, dining, and everyday conveniences are all within minutes — the kind of effortless access that only comes from a neighborhood that was thoughtfully positioned from the start. The coastal microclimate here is a genuine differentiator. Far enough inland to stay consistently warm and sunny, close enough to the coast to enjoy steady ocean breezes — this pocket of Laguna Niguel sits in a sweet spot that residents rarely leave once they find it. No persistent marine layer. No inland heat. Just reliable, comfortable weather year-round. The home itself is fully renovated and completely turnkey. 2,018 square feet of single-story living flows through a well-designed floor plan anchored by a designer kitchen featuring custom cabinetry, quartz countertops, full backsplash, recessed lighting, breakfast bar seating, and all-new appliances. Wide-plank wood floors, dual-pane windows and doors, and bright open living and dining spaces complete the interior. The primary suite offers an updated bath and generous storage; secondary bedrooms serve equally well as guest rooms or a home office. The backyard is a true outdoor living space — premium pavers, mature landscaping, and a powered covered gazebo create a private retreat designed for year-round use. With the park as a backdrop, the setting is as tranquil as it is functional. Major systems have all been addressed: updated HVAC, whole-house PEX repipe, concrete tile roof with transferable warranty, renovated driveway and landscaping, updated bathrooms, dual-pane windows, and an epoxied 3-car garage. Single-story homes with this level of renovation, this lot position, and a 3-car garage are exceptionally scarce in Kite Hill — and in South Orange County at large. Low HOA with resort-style amenities: Olympic-size pool, spa, lighted tennis, basketball, volleyball, and playgrounds. No Mello-Roos. Capistrano Unified schools. Minutes to world-class beaches.
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.
