Welcome home to this spacious, inviting 4 bedroom, 2 bath residence offering comfort, style, and versatile living spaces. A large covered front porch provides the perfect place to relax and enjoy your morning coffee. Inside, you'll find tile and laminate flooring throughout, creating a low-maintenance, cohesive look. The well appointed kitchen is designed for both everyday living and entertaining, featuring granite countertops, LED lighting, a breakfast bar, and convenient cabinets with pull-out drawers for added functionality. The spacious dining room overlooks the fenced front yard, while the expansive living room showcases a charming brick fireplace that serves as a warm focal point for gatherings with family and friends. French doors provide easy access to the side yard, enhancing the home's indoor/outdoor flow. The spacious primary suite features two large closets, a ceiling fan, a beautifully remodeled ensuite complete with granite countertops, a floor to ceiling tiled shower, and additional cabinetry for extra storage. Three additional generously sized bedrooms offer large windows that fill the rooms with natural light, along with ceiling fans for added comfort. The conveniently located remodeled hall bathroom features a granite countertop, a bathtub/shower combination with attractive floor-to-ceiling tile. An attached sunroom offers endless possibilities such as a home office, exercise room, playroom, hobby space or whatever you can imagine. Step outside to the covered patio in the backyard, a blank canvas ready for your personal landscaping ideas, garden, or outdoor entertaining space. The laundry is conveniently located in the attached two car garage. An added highlight is the leased solar system, providing increased energy efficiency and helping reduce electricity costs. Ideally located near schools, shopping, dining, and Soboba Casino Resort, this home combines generous living spaces, tasteful updates, and an excellent location. Don't miss this wonderful opportunity, 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.
