Welcome to 3 Bergwall Way, a lovingly maintained single-story gem nestled on an oversized corner lot in Vallejo’s desirable Hillcrest Estates. Offering exceptional functionality and pride of ownership throughout, this home combines comfortable living with a convenient location. Inside, you'll find three spacious bedrooms and two bathrooms, thoughtfully arranged for comfortable everyday living. The updated kitchen provides ample cabinetry and workspace, while the inviting living area is anchored by a cozy fireplace, creating the perfect gathering space for family and friends. A sliding glass door opens to a covered patio, seamlessly extending the living space outdoors and offering an ideal setting for year-round dining, entertaining, or relaxing. What truly sets this property apart are the abundant parking and storage options, including two separate driveways, a single-car garage, and dedicated RV and boat parking—perfect for hobbyists, travelers, or anyone needing extra space. Double-pane windows enhance energy efficiency and provide a quiet indoor environment, while central heating and air conditioning ensure comfort throughout the seasons. Step outside to a fully fenced yard with plenty of room to garden, play, entertain, or create your own outdoor oasis. Two storage sheds provide additional storage and flexibility for tools, equipment, and seasonal items. Ideally situated for commuters and explorers alike, this centrally located home is just minutes from the Vallejo Ferry Terminal, Benicia’s waterfront, downtown dining and shopping, and major freeways offering convenient access to San Francisco, Sacramento, and Napa Valley. Enjoy nearby recreation at Highland Park and convenient shopping and services at Rose Center. Combining versatility, comfort, and an unbeatable location, 3 Bergwall Way is a wonderful opportunity to enjoy the best of Vallejo living.
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.
