Welcome to this beautifully detached residence in the coveted Lake Park community of Laguna Niguel, where the ambiance evokes the timeless romance of the Tuscan countryside warm, inviting, and effortlessly elegant. Tucked at the end of a quiet cul-de-sac, the home is surrounded by picturesque tree lined views, offering a sense of serenity and retreat. This refined residence features 3 bedrooms, a versatile loft that can easily serve as a fourth bedroom, and a highly sought after main level primary suite, thoughtfully designed for both comfort and elevated living. A private courtyard entry welcomes you like a sun-drenched Italian piazza perfect for morning coffee or evening gatherings under the stars. Inside, luxury vinyl flooring flows seamlessly throughout, bringing a sense of continuity and understated sophistication. The living room, centered around a charming fireplace, offers a warm and intimate setting. The Kitchen seamlessly blends functionality with refined design, creating a space that is as beautiful as it is practical, ideal for hosting intimate dinners or lively gatherings. French doors open from the kitchen to the tranquil courtyard, while additional French doors from the living room lead to a private backyard, allowing indoor and outdoor living to merge effortlessly in true European inspired style. Residents of Lake Park enjoy access to a resort style pool, spa, and lush park, all just moments from everyday conveniences. Nearby, Laguna Niguel Regional Park offers scenic trails, a peaceful lake, and year-round activities that echo the beauty of nature found in California’s rolling landscapes. Just a short drive away, the coastal allure of Dana Point Harbor and pristine Southern California beaches provides the perfect complement of relaxed, luxurious coastal lifestyle.
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.
