What an incredible opportunity to go back in time and secure an ultra-low 3.25% VA Assumable Loan while enjoying resort-style living in the highly sought-after Verona community! This beautifully upgraded one-bedroom, one-bathroom condo in the highly sought-after Verona community truly checks every box. Step inside to gorgeous laminate wood flooring, soaring high ceilings, a cozy fireplace, and a stylish kitchen featuring sleek stainless steel appliances, including the refrigerator. Enjoy your own private covered balcony, the perfect place to relax and take in the mountain views and fresh Southern California air. The unit also includes convenient in-unit laundry with a stackable washer and dryer. Beat the summer heat in the resort-style pool and spa, stay active in the fully equipped fitness center, and enjoy the peace of mind that comes with a remote-operated gated community. Plus, this home includes a private one-car garage. LOCATION IS EVERYTHING, and this one delivers big. Ideally situated at the crossroads of the I-15 and I-215 freeways, commuting to San Diego, Orange County, or Los Angeles is easy and convenient. You’ll be just minutes from Murrieta Town Center, top-rated restaurants, shopping, and highly ranked schools. Enjoy nearby entertainment and attractions including Pechanga Resort Casino, the Promenade Temecula Mall, and Temecula’s world-famous wineries and wine country. Whether it’s dining, shopping, concerts, golf, or wine tasting, everything you love is just a short drive away. AND THE FUTURE IS BRIGHT HERE. Murrieta continues to be one of Southern California’s fastest-growing cities, with millions being invested into new infrastructure and development along the Jefferson-Madison corridor, paving the way for over 10 million square feet of future business park development. Major road improvements and infrastructure upgrades are already underway, and a brand-new expanded Children’s Library is scheduled to open in Fall 2026. This is a city on the rise. DON’T MISS THIS RARE OPPORTUNITY to own in one of the area’s most desirable communities while taking advantage of an assumable low-interest 3.25% VA loan that is nearly impossible to find in today’s market! Subject to VA lender's approval and buyer's qualification.
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.
