Discover unparalleled elegance and comfort in this exquisite single-story solar home, perfectly nestled within the exclusive guard-gated community of La Jolla Classics in the highly desirable Desert Shores. A custom wrought iron door welcomes you into a residence where vaulted ceilings and a skylight create an expansive, airy atmosphere. The interiors are a testament to sophisticated design, featuring custom interior doors, a harmonious blend of wood, stone, and vinyl flooring, sparkling crystal chandeliers, and designer pendant lighting. Elevated cabinetry throughout the home adds a touch of bespoke craftsmanship. This meticulously upgraded property boasts three bedrooms and two bathrooms, each thoughtfully enhanced for a luxurious living experience. The primary bathroom offers a stunning wall-to-wall double shower with dual heads, while custom frosted glass closet doors add a sleek, modern touch to the bedrooms. Culinary enthusiasts will adore the chef's kitchen, complete with a built-in banquette that serves as an ideal spot for reading, working, or casual dining. Two cozy fireplaces provide warmth and ambiance, perfect for relaxing evenings. The outdoor living experience is nothing short of a private resort, featuring a sparkling pool and spa, a tranquil shade pergola, a dedicated barbecue area, and an abundance of citrus trees including oranges, grapefruits, and lemons. Enjoy ultimate privacy with no rear neighbors. Beyond the gates, the Desert Shores community enriches your lifestyle with a wealth of amenities including beautiful lakes, serene lagoons, a sandy beach area, and opportunities for paddle boating, kayaking, and fishing. Enjoy leisurely strolls or invigorating bike rides on scenic walking trails and bike paths. The community also features charming picnic areas, a clubhouse, and an array of restaurants, all conveniently located for an effortless lifestyle. This home truly offers a unique blend of refined living and vibrant community engagement.
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.
