Welcome home to the one you’ve been waiting for. Nestled at the end of a peaceful cul-de-sac in the highly sought-after Pacific Hills community, this stunning residence exudes the perfect blend of comfort, elegance, and privacy. Step inside to soaring ceilings and sun-drenched living spaces that immediately make you feel at home. The open, flowing layout is designed for both everyday living and effortless entertaining. A spacious living room with a cozy gas fireplace and stylish wet bar sets the tone for relaxing evenings or hosting guests in style. At the heart of the home, the beautiful kitchen features a massive island, sleek stainless steel appliances, rich stone countertops, and large windows that frame views of your private backyard—creating the perfect backdrop for morning coffee or weekend gatherings. With 4 bedrooms, including a convenient downstairs suite, this home offers flexibility for guests, family, or a home office. Upstairs, the luxurious primary retreat is a true sanctuary, complete with a dual-sided fireplace to enjoy from both your bed and spa-like bath, dual walk-in closets, and a private balcony where you can unwind and take in the peaceful surroundings. Outside, the expansive backyard offers rare privacy and space to relax, entertain, or simply enjoy the quiet ambiance of cul-de-sac living. The garage is equally impressive, featuring built-in storage and upgraded epoxy flooring. Located just minutes from Lake Mission Viejo, top-rated schools in the Capistrano Unified School District, scenic hiking trails, parks, dining, and major transportation routes—this home truly has it all. Opportunities like this don’t come around often. Come experience the lifestyle you deserve.
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.
