Welcome to one of the most desirable lifestyle communities in the area. Nestled in the highly sought-after The Farm community, this charming, well-maintained home offers an exceptional combination of comfort, privacy, and outdoor living. Inside, you'll find a spacious, functional floor plan with generous living areas, abundant natural light, updated flooring, multiple bedrooms, and flexible spaces ideal for relaxing, entertaining, or working from home. Adding to the property's appeal is a unique two-story bonus structure offering exceptional versatility. Whether utilized as a home office, media room, game room, hobby space, fitness area, creative studio, or additional entertainment area, this flexible space provides valuable options for a variety of uses. Step outside and enjoy covered outdoor living spaces perfect for morning coffee, evening gatherings, or simply taking in the tranquil surroundings. The property offers an opportunity to move in and enjoy immediately while adding personal touches over time. Living at The Farm means enjoying one of Southern California's most unique lifestyle communities. Residents have access to approximately 600 acres of common area and open space, 38 acres of citrus groves, three swimming pools, two spas, catch-and-release fishing ponds, baseball and soccer fields, basketball and tennis courts, scenic hiking trails, picnic areas, playgrounds, an amphitheater, and RV storage facilities. Enjoy evening walks through the citrus groves, explore miles of hiking trails just steps away, spend time fishing in the community ponds, or relax poolside while taking in the peaceful surroundings. The Farm offers a unique blend of recreation, open space, and community amenities that is increasingly difficult to find in Southern California. Conveniently located near shopping, dining, schools, wineries, and major commuter routes, this is an outstanding opportunity to own a home in one of the region's most amenity-rich 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.
