VIEWS, VIEWS, VIEWS! Get ready to fall head over heels for your new slice of paradise within the sought after Oceana community! This isn't just a home, it's a lifestyle upgrade filled with modern luxury and laid-back coastal vibes. Recently remodeled with tons of love and attention to detail, this gem is all set to redefine your idea of dream living. Set in one of the most peaceful locations within the community, this home overlooks the lush Emerald Isle Golf Course, where gentle breezes and glowing amazing sunsets views from the living room, bedroom, and front patio can become part of your everyday living experience. Inside, the home is bright, clean, and modern with new luxury vinyl floors, smooth ceilings, recessed lighting, fresh custom paint, and new vinyl windows and sliders that bring in tons of natural light. The modern upgrades continue throughout, including new craftsman style doors, updated cabinetry, quartz counters, and a refreshed kitchen with new backsplash and under cabinet lighting. Both bedrooms enjoy large sliders that open to the patios, creating warm, inviting spaces that are perfect for relaxing. The bathrooms offer a spa feel with a remodeled shower, new glass door, new toilets, and modern mirrors. Custom paneling and accent walls, new baseboards and casings, and updated decora outlets and switches bring a cohesive, coastal feel to the entire home. And the practical upgrades add real value, including a new Flo by Moen smart valve, new shutoff valves, and ceiling fans in both bedrooms. The outdoor spaces offer so much, too. Whether you are savoring quiet mornings or taking in the sunset, the patios offer comfortable spaces to relax or entertain. Exterior improvements include, a newly refaced fence and new vinyl gates for added privacy, updated exterior lighting, new unit numbers, and a new mailbox. The low-maintenance drip system keeps the landscaping simple so you can spend more time enjoying life. Every detail has been thoughtfully selected to create a move-in ready home that feels relaxing and easy to maintain. Pour a glass of wine, breathe in the coastal air, and watch the sky change colors each evening. You can also enjoy the beautiful resort-like community with great amenities including a clubhouse with sparkling pools and spa, pickleball court, RV parking, a dog park, community garden, and hobby spaces such as a woodshop, billiards room, lapidary area, art studio, library, card room, and a large banquet room for gatherings and events. HOA dues also cover water, sewer, trash and front yard maintenance. Conveniently close to Hwy 76, the 78, and both the 5 and 15 freeways, everyday errands, shopping, and dining are all nearby. And best of all, the beach is just a few minutes away! Homes with this level of upgrades, views, and lifestyle do not come along often. Hurry over before it is gone!
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.
