Set on a hillside, this beautiful two-story home sits at the top of a quiet cul-de-sac, offering privacy and scenic views. The Mediterranean-inspired exterior is complemented by a charming front balcony, perfect for enjoying valley vistas—while the interior features clean, contemporary styling. The first level is filled with abundant natural light and high ceilings. The cozy living room features a fireplace and a sliding glass door that opens to the spacious backyard, creating a seamless indoor-outdoor flow. The kitchen boasts stainless steel appliances, granite countertops, and a tiled backsplash and flooring, ideal for both everyday living and entertaining. A convenient powder room completes the first floor. Upstairs, an elegant staircase leads to the second level, which offers three nicely sized bedrooms with mirrored closet doors that enhance brightness and space. The hallway opens to a front-facing balcony with seating and views, creating an inviting shared area. The generously sized primary suite features large closets, dual sinks, a full bath, and direct access to a private rear balcony overlooking the backyard and open space beyond.The expansive backyard includes an oversized patio, a lush lawn with stepping-stone pathways, a storage shed, and impressive open views—perfect for relaxing, entertaining, or future customization. This sunny and cozy home offers comfort, style, and a highly desirable hillside setting.
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.
