***“Own More Home… at a Payment That Feels Like Yesterday’s Market (3.75% Opportunity)”***Priced to sell — approximately $30,000 below recent comparable sales in the area *** Welcome to the home your family has been waiting for. Set on a quiet corner lot with only one neighbor, this home gives you space, light, and peace. You feel it the moment you walk in—high ceilings, open space, and a layout made for real life. The kitchen is the heart of the home. Big island, lots of cabinets, walk-in pantry, and a butler’s pantry. Perfect for morning coffee, family dinners, and weekends together. The living space is open and bright. It’s where memories happen. Downstairs gives you flexibility. A private bedroom for guests or family, plus extra rooms that can be used your way—office, gym, or more space to grow. Upstairs, the primary suite is large and peaceful. Two walk-in closets. Room to relax and recharge. You also get a laundry room, 3-car garage, and a backyard ready for BBQs, kids, or quiet nights under the sky. Located in the desirable Rancho Belago area, near parks, top schools, this home offers a lifestyle that feels calm and connected. You’re just minutes from Rancho del Sol Golf Club, perfect for morning rounds or sunset walks, and Kaiser Permanente for everyday convenience and peace of mind.—this is a lifestyle that feels calm, open, and elevated. There is also a unique bonus… a couple of extra spaces that give you even more flexibility for living, working, or hosting. A nice surprise when you see it in person. ***And the best part…The existing FHA loan may be assumable at 3.75%—a rare opportunity for a significantly lower monthly payment. Buyer must qualify with the lender and bring cash to cover the difference between the purchase price and the current loan balance.”***—a rare chance to own more home with a lower payment. ?? Open House: April 18 | 2:00–3:00 PM Come feel the space, the light, and the 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.
