This home is sure to MAKE A SPLASH! Tucked away in the quaint town of North Fork, you’ll enjoy the quiet charm of mountain living with the convenience of Fresno just 45 minutes away, Bass Lake only 15 minutes & Yosemite National Park approximately 30 minutes from your doorstep. Nature lovers & adventure seekers will appreciate having world-class recreation nearby—yet you can easily escape the crowds & cool off right at home in your private in-ground pool. Set against a backdrop of stunning mountain views, this property flourishes with mature oak, pine, & manzanita trees, offering a serene retreat that feels worlds away from city life. The lovingly updated 3-bedroom, 2-bathroom, 1,457 sqft home showcases thoughtful touches & modern refinements throughout, including engineered hardwood flooring. Step inside to a charming teal subway-tiled foyer—a space so stylish that “darling” doesn’t begin to cover it. The original 1979 textures have been replaced with smooth, freshly painted walls & ceilings, creating a clean, contemporary feel. The inviting living room features a shiplap ceiling, recessed lighting & a free-standing woodstove, making it the perfect cozy gathering space. Just beyond, an attached sunroom offers year-round enjoyment of your scenic surroundings from the comfort of indoors. The dining area shines beneath a modern chandelier flowing seamlessly into the updated kitchen, where refinished cabinetry, corian counters & brushed-gold hardware elevate the space with a warm, modern aesthetic. Down the hall, you’ll find two guest bedrooms—each with generous closet space—and an updated guest bathroom complete with a subway-tile shower/tub combo, newer vanity, & refreshed fixtures. The spacious primary suite includes an ensuite bathroom with a tub/shower combo & a unique dual-access closet that connects the bedroom and bathroom for added convenience. Situated on 3.62 acres across two parcels (1.77 acres with the home and 1.85 acres of raw land), this property provides exceptional possibilities. The second parcel includes a cut-in road and building pad, offering the perfect opportunity for an additional home, ADU, garden, or hobby farm—while still remaining tucked away from the main residence. Additional features include hook-ups for a whole-house generator and a large water storage tank, giving you peace of mind during power outages or dry seasons. Priced to sell, and truly one-of-a-kind—don’t let this mountain oasis slip away. Schedule your showing today!
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.
