Save thousands per month with a rare assumable VA loan opportunity featuring a 2.25% interest rate for qualified buyers! Tucked into the rolling hills of Fallbrook, within the exclusive enclave of Sycamore Ranch, lies a place where life slows down, where mornings begin with soft light spilling across stone pathways, and evenings linger under open skies. What makes this offering truly rare goes beyond the setting an existing 2.25% assumable mortgage - an extraordinary opportunity for the right buyer to secure not only a home, but a financial advantage nearly impossible to replicate today. Set along the fairways of the Golf Club of California, this single-story estate offers space and serenity just minutes from San Diego. Spanning nearly .69 acres, the home features over 4,600 square feet of thoughtfully designed living, with 5 bedrooms and 6 baths, each space both expansive and inviting. It feels less like a home and more like a private escape. Beyond a hand-carved wood door, a Mediterranean courtyard unfolds, lined with towering Italian cypress and embraced by the homes living spaces. Natural light pours in, creating a seamless connection throughout, designed for gathering and quiet moments alike. Inside, the home flows effortlessly. High ceilings and warm light enhance the interiors, while the beautifully appointed kitchen becomes the heart of it all: featuring granite surfaces, a large breakfast bar, eat-in nook, 6-burner range, double ovens, Sub-Zero refrigerator, and butlers pantry. The grounds unfold into Tuscan-inspired garden vignettes, trellised walkways, stone paths, and private seating areas leading to a resort-style backyard. A pool and spa for sunlit afternoons. Two fireplaces for cool evenings. An outdoor kitchen and bar for effortless entertaining, all overlooking the fairway without the burden of an HOA. A detached casita welcomes guests with privacy and comfort for extended stays. Leased solar and a three-car garage add practicality, while the quiet setting offers both privacy and convenient access to North County San Diego, Temecula wine country, and beyond. And perhaps most compelling, this level of design, space, and lifestyle would command significantly more just miles away. Here, it simply exists waiting to be lived. Paired with the ability to assume a 2.25% mortgage, this is more than a home; its a rare alignment of lifestyle and financial opportunity.
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.
