Located in the gated community of Sycamore Hills in Corona, this spacious 5 bedroom, 4 bathroom home offers 3,683 sq ft of well designed living space on an 8,276 sq ft lot. One of the few homes built by Christopher Homes in the community, this property offers a rare and highly sought after floor plan. Downstairs features a private bedroom with a full en-suite bath, ideal for guests or multi generational living. You’ll also find a formal living and dining space that can easily be used as a home office, playroom, additional bedrooms or flex space to fit your needs. The open layout features a spacious kitchen featuring double ovens, a large island, and a breakfast bar that seamlessly flows into the spacious dining area and family room with a fireplace, creating the perfect space for everyday living and entertaining. The home is also pre wired for surround sound. Upstairs, the oversized loft opens to a balcony with stunning mountain views and offers the perfect space for movie nights, gaming, a play area, or additional living space. The primary suite is truly oversized, featuring a large bathroom and an expansive walk in closet. Three additional guest bedrooms are all generously sized, with two connected by a Jack and Jill bathroom and the third featuring its own private en-suite bath. One of the guest bedrooms also features a private balcony with beautiful mountain views. The laundry room is conveniently located upstairs as well. Additional features include a 3 car tandem garage, PAID OFF SOLAR, EV charger, whole house fan, and an updated backyard with an Alumawood patio cover and beautiful stacked stone feature wall. This one-of-a-kind home is just a short walk to the Sycamore Creek clubhouse, pools, fitness center, and scenic walking trails. The community offers low HOA fees with access to multiple parks, pools, and more. Deleo Regional Sports Park is centered in Sycamore Creek offering NEW PICKLEBALL COURTS, BMX BIKE PARK, Skate Park, Dog Park, Soccer & Baseball Fields, Tennis & Basketball Courts, BBQs & Picnic Areas! Residents enjoy close proximity to shopping, dining, golf courses, hiking trails, nearby 15 freeway access, and GREAT SCHOOLS.
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.
