Freshly updated and move-in ready, this expansive 6-bedroom, 3-bath property offers exceptional flexibility with PAID-OFF solar and a separate attached ADU, perfect for multi-generational living. The main residence features 4 bedrooms and 2 bathrooms, while the attached ADU includes 2 additional bedrooms and 1 bath. The home has been completely remodeled and welcomes you with a spacious living room at the front of the home, complete with recessed lighting and a seamless flow into the dining area, conveniently located just off the stunning new kitchen. The kitchen showcases white quartz countertops, crisp white cabinetry, and stainless steel appliances including a gas range, microwave, and dishwasher. Towards the rear of the home, youll find a generous family room featuring a cozy fireplace, recessed lighting, and sliding glass doors that open to the backyardperfect for indoor-outdoor living. The primary bedroom offers vaulted ceilings, a ceiling fan, and private sliding door access to the backyard, creating a relaxing retreat. A beautifully updated full bathroom is located just down the hall and features a tiled shower/tub combination. Three additional bedrooms, all equipped with ceiling fans, share a fully remodeled bathroom with a tiled shower/tub combination. This home has been thoughtfully renovated throughout with fresh neutral interior and exterior paint, new recessed lighting, brand-new bathrooms, a completely updated kitchen, new laminate wood flooring, and new tile flooring in the bathrooms. The attached ADU is ideally situated just off the kitchen, offering convenient yet private access from the main home while also featuring its own separate entrance for added independence. This well-designed space includes 2 bedrooms, 1 bathroom, and a functional kitchenette area with shared laundry hookups, making it perfect for extended family, guests, or multi-generational living. Its layout provides a comfortable balance of connection and privacy, allowing for flexible use without compromising the flow of the main residence. The spacious backyard offers a covered patio, block wall fencing for added privacy, and a large storage shedideal for relaxing, entertaining, or everyday use. Conveniently located near shopping, schools, and easy freeway access, this move-in-ready property combines modern upgrades, energy efficiency, and versatile living spacean exceptional find you wont want to miss.
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.
