RARE OPPORTUNITY WITH A BACKYARD IN THE HIGHLY SOUGHT-AFTER NEW HAVEN COMMUNITY OF ONTARIO RANCH! Welcome to this beautifully maintained and move-in ready condo offering the perfect blend of comfort, functionality, and modern resort-style living in one of the area’s most desirable master-planned communities. Step inside to a bright and inviting home featuring an open-concept layout, abundant natural light, and tasteful upgrades throughout. The spacious living area flows seamlessly into the modern kitchen complete with sleek cabinetry, granite countertops, stainless steel appliances, and a large center island perfect for entertaining. One of the standout features of this home is the rare private backyard! Ideal for relaxing, entertaining, gardening, pets, or simply enjoying outdoor living! Private backyards not commonly found in many condo communities within Ontario Ranch. Upstairs, you’ll find three generously sized bedrooms, including a relaxing primary suite featuring a spacious custom walk-in closet and ensuite bath. The second floor also includes a full laundry room, additional bedrooms, and a full secondary bathroom, offering both comfort and functionality for everyday living. Experience true resort-style living in the award-winning New Haven community, featuring 5 beautifully designed parks and over 15 acres of incredible amenities. Residents enjoy multiple swimming pools, splash pads, spas, pickleball courts, dog parks, outdoor fitness areas, fire pits, clubhouses, super playgrounds, recreational spaces, community events, and movie nights throughout the year. Conveniently located near the 15 and 60 freeways, Ontario International Airport, shopping, dining, and entertainment, this home offers the perfect combination of luxury, convenience, and community living. Don’t miss your opportunity to call this exceptional Ontario Ranch property home!
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.
