Beautiful End-Unit Townhome | Unobstructed Preserve Views | Assumable 3% VA Loan Rare opportunity in Agave at The Preserve, a highly desirable neighborhood of modern two-story townhomes in Carlsbad's master-planned Preserve community. Buyer may assume an approximate $517,000 loan balance at 3% interest with ~22 years remaining—delivering an estimated $800+/month savings versus current market rates. This spacious 3 BR/2.5 BA end-unit townhome offers exceptional privacy, unobstructed rear views of the preserved open space, and abundant natural light throughout. The open floor plan showcases premium upgrades including 9' ceilings, quartz slab countertops, composite flooring throughout, plantation shutters upstairs, Ring security system, and a fruiting Dwarf Meyer lemon tree in the low-maintenance yard. Key interior highlights (from the builder's original features): - Gourmet kitchen with quartz countertops, double-compartment stainless steel sink, Moen pull-out faucet, sleek Samsung stainless steel appliances (30" freestanding gas range, microwave/hood combo, quiet dishwasher), and energy-efficient design - Attractive European-style gray cabinetry with concealed hinges, contemporary recessed LED lighting, and satin-chrome hardware - Spacious master suite with walk-in closet, cultured marble counters, dual sinks, and Andersen French doors to a terrace - Wired for modern living: high-speed fiber-optic ready, pre-wired for flat-screen TVs, network/data outlets in key rooms, and home automation compatibility - Energy-efficient elements: Low-E dual-glazed vinyl windows, LED lighting, tankless water heater, Energy Star-rated appliances, fully insulated walls/attic/garage, and programmable thermostat Room dimensions (approximate): Living Room: 10x11 Kitchen: 9x7 Dining Area: 9x9 Primary Bedroom: 16x13 Bedroom 2: 15x11 Bedroom 3: 10x13 Enjoy seamless indoor/outdoor living with a custom poured-concrete patio featuring scalloped corners, smooth border detailing, an 18” mulched garden bed, and immediate access to preserved open space, trails, and outdoor recreation. The attached 2-car garage includes insulated roll-up doors and LiftMaster opener. Residents benefit from The Preserve's resort-style amenities: pool, spa, fitness center with commercial-grade equipment, native plant garden, viewpoints, playgrounds, barbecues, parks, and trail connections. Prime location with easy access to Route 78 and I-5, nearby shopping/restaurants/services at Quarry Creek, award-winning Carlsbad Unified School District (including Hope Elementary, Calavera Hills Middle, Sage Creek High), and just minutes to Downtown Carlsbad Village, beaches ranked among America's best (top 25 by TripAdvisor for clean, uncrowded vibes and active lifestyle), El Camino Real, and coastal corridors. Buyer must be pre-approved for the full purchase price to schedule a showing. Buyers electing to assume the loan must qualify with the loan servicer and cover the equity difference at closing. Don't miss this exceptional value in one of Carlsbad's most sought-after communities!
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.
