Welcome to your own private POOL HOME, thoughtfully upgraded and ready for summer! Featuring a brand new roof with all previous layers removed, improved ventilation, and proper insulation, this home offers long-term peace of mind from the start. Major system upgrades include full subfloor drain replacement with all new PVC plumbing throughout the entire home, including the laundry, eliminating old cast iron. Fresh interior and exterior paint add to the clean, move-in-ready feel, while a vinyl privacy fence enhances both style and security. This home also feature central AC and Heat for all seasons. Step inside to a warm and inviting living space with a cozy fireplace and laminate floors, perfect for relaxing nights or hosting guests, and a layout that flows seamlessly into the dining area and kitchen for easy everyday living. The kitchen offers ample cabinet, tile floors and counter space, ready for your personal touch, while multiple flexible living areas provide options for guests, work-from-home setups, or additional use. The primary suite offers its own bathroom with walk in shower and tile floors. The two secondary bedrooms are generous in size and include carpet and ceiling fan. The hall bathroom is designed for comfort and functionality featuring a shower/tub combination and newer vanity. Step outside to your backyard oasis where a sparkling pool with a newly upgraded motor creates the perfect setting for entertaining or enjoying sunny California days. Conveniently located just minutes from Yaamava Resort & Casino and Cal State San Bernardino, with easy access to shopping, dining, and commuter routes. This is the kind of upgraded home buyers are searching for—don’t miss your opportunity to make it yours.
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.
