Welcome to this exceptional gated Executive POOL Home, perfectly situated on a beautiful cul-de-sac in River Village with sweeping VIEWS. Spanning nearly 4,000 square feet, this expansive residence offers five bedrooms, five bathrooms, formal living and dining areas, a large family room, and a generously sized loft/game room. Upon entry, you’re welcomed by wood flooring in warm tones, inviting paint selections, and lots of windows filling the space with natural light. The home boasts beautifully designed interior finishes that create a refined and inviting atmosphere. Nearly every room captures stunning views of the Santa Clarita Valley. The chef’s kitchen is thoughtfully designed with premium stainless steel appliances, a huge center island with seating for three, butler's pantry with wine fridge, walk in pantry, ample storage, granite counters and a natural stone subway backsplash. The formal living room opens to the versatile area that could be a formal dining area or open living space. The spacious family room features a stunning fireplace with sliding doors leading to the lovely covered with unobstructed views...perfect for entertaining. A downstairs bedroom includes a spacious closet and private bath... perfect for guests or a home office. The luxurious (downstairs) primary suite offers expansive views of the surrounding landscape, an enormous walk-in closet, and a spa-style ensuite bath with a soaking tub, walk-in shower, dual vanities, and a dedicated makeup area. The upper level includes a versatile loft and three additional bedrooms, one with a private bath and two share the coordinating hall bath. Step outside to your resort inspired backyard featuring captivating views, a modern pool and spa with sleek design, pergola and low maintenance landscaping! Additional highlights include SOLAR, spacious laundry room with tons of storage and a three car attached garage. Residents enjoy access to resort style HOA amenities including pool, spa, clubhouse, playgrounds, dog park, and gorgeous common areas. Conveniently located near award-winning schools, paseos, shopping, restaurants and major freeways.
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.
