Thousand Oaks charmer with heated pool, spa, and years of smart upgrades already done. Decorative arches welcome you into a spacious open floor plan finished in warm Saltillo and Mexican tile throughout. The kitchen features a breakfast bar, double ovens, smooth cooktop, and festive decorative tile accents that carry into the stairwell. A fireplace anchors the family room, and a formal dining room plus breakfast room giving you true flexibility for how you live and entertain.The primary suite on the main level is a true retreat; oversized, with a private study/sitting room, direct patio access, and a fully renovated en suite bath (2021) featuring a new Jacuzzi tub, new vanity, new sinks, new fixtures, and fresh Saltillo and Mexican tile. Upstairs, three generously sized secondary bedrooms each offer dual closets, plus a fully renovated tub and shower in the upstairs bath (2024) and access to the exterior balcony. Step outside to your backyard: a Gary-built heated pool and spa with a replaced pump (2025), covered patio, deck, and beautifully landscaped grounds with brick edging and river rock front and back (2024). LeafFilter gutters (2025) and a privacy fence round it out. The big-ticket items are already handled - new AC and furnace (2023), new water heater (2024), replaced dishwasher (2023), added insulation in the office walls (2022), and all double-pane Low-E windows. Owned water softener and security system included. Two-car attached garage and an additional workshop space included. NEISD - Thousand Oaks Elementary, Bradley Middle, MacArthur High.This home has been loved and maintained at every level. Move-in ready isn't just a phrase here - it's the reality.
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.
