This original owner Canyon Oaks beauty directly backs up to the 9th Fairway and sits high up boasting sherbet sunsets and valley views. From the moment you enter this home you will appreciate the Milgard picture windows that line every wall of the main living area, providing panoramic scenery right in the heart of the home. This floorplan is a delight with an open concept kitchen that flows beautifully into the dining area, living area, and a sliding glass door off the dining space that leads to the front facing deck. The kitchen boasts granite countertops, a large island, under mount lighting, a wine fridge, and a warming drawer for those Thanksgiving and Holiday dinners! Just off the kitchen is the laundry room which offers a utility sink and extra pantry storage. The living room is a delight with a gas starter fireplace, a built in alcove for showcasing artwork, recessed lighting, and built in surround sound speakers. Behind the kitchen area you will find french doors that lead to a generously sized bonus den which could be easily used as a 4th bedroom for guests. This den offers a slider to the beautiful backyard deck and patio area. On the opposite wing of the home rests the bedrooms. Two guest bedrooms sandwich a guest bathroom with a tub shower combo and charming tile work. The primary bedroom offers a lovely ensuite with a large soaking tub and large glass surround walk-in shower! Double vanities, a walk in closet, and privacy toilet are other added features of this primary en suite. The low maintenance and delightful backyard can be accessed by both the den and primary bedroom where you will find a sandstone patio with decomposed granite, fire pit sitting area, lush green border fountain, and a crisp recently painted wood deck with a pergola cover for hosting summer barbecues. This home offers a rare 2.5% assumable VA mortgage! Call your realtor today to inquire!
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.
