Perched at the farthest point along the hillside above the renowned San Luis Rey Downs Racetrack in the gated community of Lake Vista Estates, this exceptional residence captures sweeping panoramic views across the San Luis Rey Valley toward the distant mountains. The setting evokes the beauty of a Tuscan countryside—where mornings begin with sunrise coffee on the terrace and you can watch the horses train and trot along the track below. Thoughtfully designed to maximize both views and livability, the residence offers a flexible floor plan that lives comfortably as a 4-bedroom home—each with its own ensuite bath—plus a dedicated office privately positioned in a charming turret with elevated valley views. A grand Mediterranean-style entry introduces the home’s architectural concept of sequential framing, guiding the eye through elegant openings from the formal dining room to the living spaces and onward to the surrounding vistas. The bespoke primary suite serves as a luxurious retreat featuring an imported Italian marble fireplace, French doors opening directly to the pool terrace, dual walk-in closets, and a spa-inspired bath with heated floors, a multi-jet soaking tub, and steam shower. An oversized laundry room with abundant cabinetry provides excellent storage. Refined craftsmanship is showcased throughout with marble and hardwood flooring, exposed beams, Venetian plaster walls, and distinctive turret architecture with soaring dome-vaulted ceilings. The chef’s kitchen features a generous breakfast nook, oversized marble-topped island with a new Miele induction range, Sub-Zero refrigerator drawers, walk-in pantry, and custom cabinetry designed for both display and convenience. The adjacent family room offers generous scale with a fireplace, built-in hutch, and a media wall accommodating up to a 100-inch television. Outdoors, the meticulously landscaped grounds create a private resort-like setting with drought-conscious succulent gardens, sleek glass fencing, and a newly resurfaced pool accented by a natural stone waterfall. A built-in BBQ with bar seating invites effortless entertaining, while expansive patios provide the perfect setting to enjoy the home’s extraordinary views and tranquil surroundings. A spacious three-car garage includes additional storage and an EV charging station. This is elevated living—where luxury, comfort, and peaceful scenery converge into a dream fulfilled.
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.
