BRIGHT UPDATED SPLIT-LEVEL! OPEN LAYOUT, PRICED TO SELL! Welcome to 2518 Waterfront Ct, a move-in ready 3-bedroom, 2-bath split-level home offering outstanding value and fresh 2025 improvements on a quiet cul-de-sac. Located in the serene Valley Oaks subdivision, enjoy peace of mind with a new roof, new back windows, and new back and side siding, all completed in 2025 for updated curb appeal and long-term durability. Top-rated schools top off this stunner in Imperial! The bright and open main level welcomes you, featuring an inviting living room, a spacious dining area, and a functional kitchen ideal for everyday living and hosting. The 1230 square feet of living space in this home is proven by the oversized living room area, more than able to comfortably hold your favorite seating arrangement - the possibilities are endless! The sliding doors near the dining area lead you to an expansive deck perfect to sit and have your morning coffee. Take the steps from the deck to the park-like backyard, ideal for pets, gardening, gatherings, and all around outdoor enjoyment! There are two bedrooms and a full hall bath, in addition to the primary suite on the main level. The private primary suite offers generous space and its own full bath. All of the bedrooms are on the same level, a rare find in a split-level layout! The lower level is a large bonus room suited for a home office, gym, playroom, or second living area and can easily function as two separate spaces. The gem in this home is the walkout patio that leads to the private and fully fenced backyard. The owner is offering a $1,000 flooring credit (subject to lender guidelines). With exterior upgrades, a versatile layout, and a competitive price, this home is ready for its next owner! Schedule your private showing 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.
