Welcome to this well maintained single-story ranch-style home, ideally situated on an expansive 29,620 square foot lot in Riverside's highly desirable Arlington neighborhood located near Victoria Avenue and the Arlington Heights neighborhood. Offering approximately 2,050 square feet of living space, this move-in-ready home combines comfort, functionality, and a blank slate in the exterior for a multitude of potential uses . Inside, you'll find a thoughtfully designed floor plan featuring three spacious bedrooms, two full bathrooms, and an additional half bath. Luxury vinyl flooring flows throughout the home, creating a clean, contemporary look that's stylish and easy to maintain. Large windows fill the home with natural light, creating a warm and inviting atmosphere. The spacious living areas provide plenty of room for everyday living and entertaining, while the functional kitchen offers generous cabinet space, ample countertops, and an easy flow into the dining and living areas. The private primary suite serves as a relaxing retreat and features an upgraded en-suite bathroom with a beautifully designed walk-in shower enclosed by frameless glass. The additional bedrooms are generously sized, and the indoor laundry room adds convenience as well. The true highlight of this property is the nearly 30,000 square foot lot. The backyard is a blank canvas ready for your vision, featuring mature avocado and fruit trees with plenty of open space to create the outdoor lifestyle you've always imagined. Whether you envision adding a custom pool, an ADU, workshop, RV garage, sports court, or designing your own private retreat, the possibilities are endless. Located near the scenic Victoria Avenue walking and biking paths, this home also offers convenient access to parks, schools, shopping, dining, the Galleria at Tyler, and in close proximity to the 91 freeway, providing the perfect blend of tranquility and accessibility. This home offers a combination of single-story living, an oversized lot, modern updates, and an outstanding Arlington location. Make this great home yours today!
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.
