Nestled in the peaceful community of Arrowbear Lake, this charming mountain retreat offers the perfect blend of cozy character and modern updates. The main level welcomes you with a warm and inviting family room anchored by a stunning lava rock fireplace complete with a wood burning stove insert — an ideal centerpiece for cool mountain evenings. The adjacent dining area flows naturally into the kitchen, which received a full refresh in 2025 including new countertops, stove, dishwasher, updated cabinets, and fresh laminate flooring throughout. The main level is rounded out by a conveniently located laundry area, a 2025 updated half bathroom, and a utility room, with GFCI electrical updates also completed in 2025 for added peace of mind. Head upstairs to find two comfortable bedrooms, each featuring charming built-in dressers and new ceiling fans installed in 2015. The full bathroom on this level is a standout, boasting an extra deep soaking tub as part of the 2025 renovation package — a luxurious touch that sets this home apart. Also updated in 2025, solar screens were installed throughout the home, improving energy efficiency and comfort across all seasons. Additional improvements over the years include a new heater installed in 2017, freshly updated front stairs in 2025, and a solid block retaining wall along the front and right side of the property completed in 2023. Out back, a handy 8x12 shed provides excellent storage for all your mountain gear, tools, and outdoor equipment — a practical bonus that any mountain homeowner will appreciate. Location is everything in the mountains, and this home delivers. Situated near the San Bernardino National Forest and just minutes from Snow Valley Ski Resort, Green Valley Lake, and the town of Running Springs, with easy access to Highway 330 and Sky Park, you'll have year-round recreation and everyday conveniences right at your doorstep. Whether you're searching for a full-time mountain residence or the ultimate weekend getaway, Encina Dr is ready to welcome you 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.
