Located in a desirable gated community, this rare single-story home offers 2,368 square feet of thoughtfully designed living space with an open-concept layout and the unique advantage of two oversized primary suites, along with an attached 2-car garage. A flexible study or office provides a dedicated work-from-home space, while the charming courtyard entry creates a warm and inviting first impression. Residents also enjoy access to a community clubhouse, adding to the neighborhood's appeal. Inside, the home feels bright and airy with high ceilings and a living room centered around a gas log fireplace, making it an ideal setting for both relaxing evenings and entertaining guests. The kitchen is both stylish and functional, featuring 42-inch cabinets, granite countertops, a gas cooktop, stainless steel appliances, a breakfast bar, and a cozy breakfast area filled with natural light. The open flow between the kitchen and living areas enhances everyday living and makes hosting gatherings effortless. Both primary suites are generously sized, offering comfort and privacy, with one featuring a private patio door that provides direct access to the backyard, perfect for enjoying quiet mornings or unwinding in the evening. Throughout the main living areas, luxury vinyl plank flooring adds durability and style, with no carpet for easy maintenance. Additional upgrades include a water softener, an updated water heater, and an upgraded irrigation main panel. Step outside to a spacious backyard enclosed by a wooden fence, offering privacy and plenty of room to enjoy the outdoors. The covered patio provides a comfortable space for dining or relaxing, while a storage shed at the back adds extra convenience. The yard backs to a peaceful greenbelt with direct access to a private walking trail, creating a serene outdoor setting. Combining thoughtful upgrades, flexible living spaces, and the benefits of gated community living, this well-maintained home is ready to welcome its next owners.
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.
