Experience mountain living at its finest in this exceptional Lake Arrowhead retreat, one of the area's rare properties offering coveted lake rights. Nestled among towering pines and lush greenery, this craftsman home with tudor inspired architectural details has it all. It is a beautifully maintained multi-level home that combines timeless mountain charm with modern upgrades, creating the perfect sanctuary for full-time living or a weekend escape. From the moment you arrive, you'll appreciate the oversized driveway, level entry access, and well-maintained road for year-round convenience. Inside, the home showcases exquisite finishes throughout, including upgraded flooring, granite countertops and luxury cabinets. The heart of the home is the stunning living room with soaring beamed ceilings and fireplace that serves as a breathtaking focal point. Enjoy three decks ideal for family gatherings beneath the stars while surrounded by the tranquil beauty of the mountains. The thoughtfully designed floor plan offers 4 bedrooms and 3.5 bathrooms, including a private guest suite with its own entrance, sitting area, and full bath—ideal for extended family, guests, or potential rental opportunities. The main level features the gourmet kitchen, spacious dining area, half a bath, and access to rear deck. Just below, the expansive living room opens to both front and rear decks, creating seamless indoor-outdoor living. The upper levels offer additional guest bedrooms and a full bath. At the upper level there is the luxurious primary suite complete with an ensuite bath and peaceful treetop views. Additional upgrades include a newer roof and recently replaced air conditioning system, providing comfort and peace of mind for years to come. Ideally located just minutes from Lake Arrowhead Village, the lake, shopping, dining, and recreation, this remarkable property offers the perfect blend of rustic elegance, modern comfort, and an unbeatable mountain lifestyle.
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.
