This stunning single-story home is complete with a three-car garage and a sparkling pool that invites relaxation. The outdoor space is a true oasis, featuring a beautiful pool with a tranquil water feature, ensuring privacy and serenity. The covered tile patio offers a perfect spot to unwind, complemented by a grassy area and a paver patio extension. A large, mature tree enhances the secluded atmosphere, while partial wash view fencing allows nature enthusiasts to observe vibrant local birdlife and the enchanting desert wildlife. Inside, this spacious home showcases a great room adorned with large windows that beautifully frame the backyard and wash views, creating a light and airy ambiance. This inviting space flows seamlessly into a well-appointed office, ideal for creating a sophisticated home workspace with built-in cabinets and a dedicated desk area. The heart of the home is the expansive kitchen, featuring extended black granite countertops, a functional island, and sleek modern honey oak cabinetry that offers exceptional storage. Stainless steel appliances enhance the cooking experience, and the kitchen gracefully transitions to a cozy dining nook, leading into a large den decorated with stylish niches and built-ins. The primary bedroom serves as a luxurious retreat, complete with a separate exit to the outdoor area. Its en-suite bathroom is a true sanctuary, featuring a separate soaking tub, a glass-enclosed shower, double sinks, and a spacious walk-in closet that meets all your storage needs. Additionally, the thoughtfully designed layout includes split secondary bedrooms that enhance functionality, while the secondary bathroom also boasts double sinks for added convenience. This exquisite property is a perfect blend of elegance, comfort, and modern living, making it an ideal choice for discerning buyers. Benefit from the low Tramonto HOAs while indulging in outstanding amenities, including picturesque parks, sprawling playgrounds, walking paths, two pools, tennis, basketball, sand volleyball, picnic areas and more! Close to shopping and TSMC!
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.
