Welcome to 26551 Via Conchita, a meticulously reimagined residence in Mission Viejo’s sought-after Deane Homes community. Taken down to the studs and rebuilt beginning in 2016, this 4-bedroom, 2.5-bathroom, 2,053 sq ft home blends open-concept living with high-end finishes throughout. Step through the new front door onto fresh foyer tile into a light-filled, wall-less floor plan. Integrated LED lighting runs throughout both levels, with fresh paint and new flooring tying the home together. A custom wine rack tucked beneath the staircase adds an unforgettable touch. The chef’s kitchen features new cabinetry, a statement bar, premium appliances, fresh countertops, and designer backsplash. French doors replace dated windows and sliders, opening the interior to California indoor–outdoor living, complemented by retractable screens on the French doors and front entry. Upstairs, the spa-inspired primary suite has been expanded with a larger bath, dual sinks, LED lighting, and an enlarged walk-in closet — joined by a second full bath for the additional bedrooms. Downstairs, a fully renovated powder bath welcomes guests. A stylish barn door and all-new interior doors tie it together. Engineered for comfort, efficiency, and energy independence: • Brand-new 2025 HVAC with new compressor, furnace, ducting, and whole-house fan • Owned solar panels (2017) and TWO owned Tesla Powerwalls (2020 & 2022) — no lease • Reroofed in phases (2017–2022) with painted aluminum shingles, copper flashing, and skylights • Solar screens inside and out, awnings front and side, and expanded driveway Outside, a resort-style retreat awaits. The covered lanai was upgraded in 2019 with a built-in jacuzzi and outdoor shower — perfect for unwinding under the stars. The backyard is an edible paradise with mature orange (x2), mango, clementine, tangerine, lemon, longan, and rose water apple trees. Out front, a Royal Poinciana “Flame Tree,” blue spruce, roses, and a spring-blooming peach blossom create showstopping curb appeal. Minutes from Lake Mission Viejo and zoned for award-winning schools, 26551 Via Conchita is a rare turn-key opportunity in one of South Orange County’s most established neighborhoods. Nothing left to do but move in.
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.
