Inviting Single-Story Home in Belvidere Heights Offering Scenic Surroundings & Room to ReimagineWelcome to this distinctive 3-bedroom + office (4th bedroom potential), 2-bath gem nestled in the highly sought-after Belvidere Heights community. Set on a generous 13,068 sq. ft. corner lot, this single-story retreat is surrounded by mature trees and lush greenery, offering serenity, privacy, and stunning panoramic views of the beautiful Mountains--perfect for morning coffee or peaceful sunset moments.A Crescent Driveway adorns this Corner Lot with a detached oversized Garage, ideal for an ADU. The expansive 13,068 Sq Ft Lot allows for endless potential, perhaps an ADU + Jr ADU?Presenting endless opportunities for family-compound or an investor's dream.Inside, preserved original hardwood flooring lies beneath the existing carpet, ready to be revealed and restored to timeless beauty. Rich solid-wood details, built-ins, and two fireplaces add warmth and character throughout. The chef's kitchen, complete with classic wood cabinetry, flows seamlessly into dual living areas anchored by a striking dual-sided brick fireplace. Private Office, large Laundry Room, separate Family Room and bonus Living Room create an Entertainer's Dream. Step outdoors to your private orchard featuring plum, grapefruit trees, and more--paired with ample space for RV parking, entertaining, or future expansion. Modern touches like a newer water heater and water softening system provide everyday comfort.Perfectly situated just minutes from UC Riverside, Fairmount Park's golf and rose gardens, Mission Grove, University Village, Mount Rubidoux, and California Citrus State Historic Park, this home offers the ideal blend of serenity, convenience, and potential. A rare opportunity for families, professionals, or investors alike.Opportunities like this don't come around often--especially a property being offered for the first time on the market. Don't miss your chance to make it yours.
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.
