Located behind the gated entrance on Victoria Point Road in Broad Beach, Malibu, this 4-bedroom, 4.5-bath Malibu Home for Sale has been transformed by a recent $3M renovation, offering a refined coastal retreat with unobstructed ocean views throughout. The main level welcomes you with a bright, open living area featuring a custom tiled fireplace and expansive sliders that frame the Pacific. Just off the living room, a wide balcony creates a seamless indoor-outdoor flow. The redesigned kitchen is equipped with SubZero and Wolf appliances, a large walk-in pantry, and direct access to an ocean-view deck, ideal for everyday dining or entertaining. The primary suite is conveniently located on the main floor, complete with multiple private balconies and views stretching across the coastline. On the lower level, three well-sized bedrooms accompany a spacious family room and full laundry room, offering comfortable separation for guests or extended stays. Thoughtful upgrades appear throughout the home, including new bathrooms with Onyx countertops, Dornbracht fixtures, and limestone flooring. Multiple patios and balconies make it easy to enjoy the ocean air and classic Malibu beach home lifestyle. Modern systems enhance both sustainability and comfort, including solar panels, an Enphase backup battery, and a Zehnder air filtration system for consistent air quality. Seller states almost zero electricity bills due to solar and power wall. It was built to be completely eco friendly, and sustainable. All materials used were thoughtfully designed, even the tiles were made from sustainable materials. The garden is organic as well. Landscaped for privacy and set in one of the most desirable coastal enclaves in Malibu Real Estate, the home sits just minutes from local markets, dining, and live events at Trancas, with effortless access to the shoreline below. This Broad Beach Malibu residence offers a turnkey blend of quality, comfort, and coastal 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.
