30 Deer Track in Irvine presents a rare opportunity in the highly sought-after Los Colinas community of Portola Springs. This beautifully upgraded home offers 4 bedrooms and 4.5 bathrooms across approximately 2,933 square feet, set on an exceptional 7,971-square-foot corner lot on a quiet, private street—an incredibly rare find in Irvine. With over $240,000 in upgrades throughout, the home blends luxury, comfort, and thoughtful design. A welcoming courtyard opens to an expansive side yard that feels like a private retreat, complete with a large patio cover, barbecue and seating area, custom landscape lighting, mature trees, a fireplace with built-in bench seating, and a tranquil water feature—perfect for entertaining or relaxing. Inside, a formal entryway leads to a front executive office that can also function as a downstairs bedroom. The home was originally designed with a builder option to convert this space into a bedroom while converting the nearby half bath into a full bathroom, allowing it to function as a five-bedroom, four-bathroom residence if desired. One of the most desirable features is the true primary suite on the first floor. The formal dining room flows into the spacious living area and kitchen, featuring granite countertops, a large center island, stainless steel appliances including a built-in refrigerator, recessed lighting, and a farmhouse sink. The kitchen connects to the laundry room and three-car garage. The living room is warm and inviting with a fireplace and large windows overlooking the lush backyard. The first-floor primary suite includes crown molding and a ceiling fan, while the primary bathroom features travertine flooring, dual sinks, a soaking tub, a walk-in shower, and a spacious walk-in closet. Upstairs, a large loft offers flexible living space and can easily be converted into an additional bedroom, as it includes its own full bathroom. The second floor also features a built-in office area, a full hallway bathroom, and two spacious secondary bedrooms, one with a private balcony. The home includes solar and is zoned for Portola Springs Elementary, Jeffrey Trail Middle School, and Portola High School. With its rare oversized lot, privacy, flexible floor plan, and exceptional outdoor living space, this home truly stands out in today's market.
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.
