*Views & Ocean Breezes Separate This From the Rest ! Feel the Ocean Breeze ! Attached Garage + 1 Assigned Parking Space ! New Roof ! Upgraded Throughout ! No Neighbors Behind ! Minutes away from World-Class Beaches, Restaurants & More !*Has a Beach Cottage Feel Throughout ! Welcome to 29676 Pelican Way, a beautifully upgraded townhome nestled in one of Laguna Niguel's most desirable communities. A spacious and tranquil front patio creates the perfect setting for morning coffee or evening relaxation and leads to charming Dutch doors that welcome you inside. The light-filled entry showcases new laminate flooring, high ceilings, and an open, airy layout that flows seamlessly into the inviting living room, complete with a cozy fireplace and picturesque bay window. The kitchen is thoughtfully designed with newer appliances, tile countertops, abundant cabinetry, and a functional layout that opens directly to the outdoor living space. Enjoy refreshing ocean breezes and beautiful views from both the kitchen and the private patio, creating the perfect indoor-outdoor lifestyle. Upstairs, the spacious primary suite offers stunning views, oversized closets, ample storage, and a private en-suite bath featuring a custom mirrored vanity, shower and bath.The generously sized secondary bedroom includes a large closet and peaceful greenbelt views.Additional highlights include a dedicated laundry room, an attached one-car garage with extra storage, and an assigned parking space. Residents enjoy abundant guest parking along with exceptional community amenities, including scenic walking trails, lush greenbelts, a sparkling pool, and relaxing spa. Ideally located just minutes from world-class beaches, premier dining, upscale shopping, and top-rated schools, this exceptional home offers the perfect combination of comfort, convenience, and coastal living. Don't miss this opportunity to own a beautiful townhome in the heart of Laguna Niguel.
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.
