Not your typical Skyblue home, this beautifully upgraded single-story residence was extensively rebuilt in 2008 with thoughtful improvements and modern upgrades throughout. Major enhancements completed during the rebuild include a roof, updated electrical system, new flooring, driveway, and fresh stucco, creating a home that blends comfort, quality, and style. Step inside to discover a bright and open floor plan highlighted by expansive 18-inch tile flooring that flows seamlessly through the living, dining, and kitchen areas. Recessed newer LED lighting throughout , ceiling fans, and classic six-panel interior doors add both functionality and a clean, contemporary feel throughout the home. The remodeled kitchen is designed for both everyday living and entertaining, featuring granite countertops, stainless steel appliances, and a convenient breakfast bar perfect for casual dining. Custom cabinetry includes self-closing drawers, and under-cabinet lighting that adds both warmth and practicality. A charming garden window brings in additional natural light and creates the perfect space for plants or herbs. The inviting living room centers around a cozy fireplace, providing a welcoming space to relax or gather with friends and family. Skylights in the family room fill the home with natural light, creating a bright and airy atmosphere throughout the day. Bedrooms and the hallway feature attractive laminate flooring, offering both durability and style. The remodeled bathrooms reflect modern finishes and thoughtful design, while the primary suite offers a comfortable retreat complete with a spacious walk-in closet. Additional features include dual-pane windows for improved energy efficiency and luxurious motorized Roman shades that provide both convenience and elegance as custom window coverings. The outdoor space is equally well maintained with an aluminum patio cover, ideal for shaded outdoor dining or relaxing afternoons. A complete drainage system surrounding the home adds peace of mind, while durable vinyl fencing provides privacy and low-maintenance living. This thoughtfully upgraded home offers a rare combination of quality improvements, functional design, and comfortable living, making it a standout opportunity in the Skyblue neighborhood. OWNED SOLAR for low energy costs. NO MELLO ROOS and NO HOA.
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.
