Highly upgraded DETACHED townhome in Mission Valley within the Villas at Escala gated community! This 2-bedroom with a flex space ideal for an office/den, 2.5-bath residence offers 1,443 sq ft of thoughtfully designed living space. Step inside to tall ceilings, chic lighting, large contemporary tile and wood flooring, completely remodeled spa-like bathrooms with floating vanities, and stylish shutters in both bedrooms. The remodeled kitchen impresses with stone countertops, stainless appliances, a spacious island with a farmhouse sink, and bar seating—perfect for casual meals or hosting friends. Don’t miss the expansive private patio (not just a balcony), great for al fresco dining, pets, and entertaining. Additional highlights include a cozy gas fireplace, ceiling fans and attached 2-car garage with convenient in-unit laundry. Escala Club amenities: two pools, spa, tennis, pickleball, basketball, fully-equipped fitness center, party room with full kitchen, dog park, playground, barbecue/picnic areas, and walking trails—all with the LOWEST HOA dues in Escala. Warm and contemporary, this residence is located on the edge of a quiet cul-de-sac and offers a thoughtful combination of upgrades and sophistication not found in most Escala residences. The open-concept layout is light and bright with soaring ceilings and includes fully remodeled bathrooms, versatile bonus spaces, and a must-have patio/yard perfect for outdoor living and entertaining. The 2-car garage has more space than most in the community for added storage. Why settle for an attached condo when you can have your own home with ZERO shared walls offering maximum privacy! Escala is ideally situated across the street from and within walking distance to Costco, Lowes, IKEA, a City library, Fenton Parkway trolley stop, and numerous shops and restaurants. Residents are also just minutes from Snapdragon Stadium, Mission Valley Mall, Fashion Valley Mall, and only a 10-minute drive to the beach, providing the perfect blend of convenience and lifestyle. The revered Escala Club features a state-of-the-art fitness center, two swimming pools, spa, and two multi-use courts for tennis, pickleball, and basketball, along with changing rooms with lockers and showers, a private club room, and professional on-site management. Residents also enjoy barbecue and picnic areas, a dog park, a children’s playground, media room, and nearby walking trails. Prime location near Friars Road offers world-class shopping, dining, and services, plus easy access to the I-15, I-8, I-805, and 163 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.
