Set at the top of a cul-de-sac, 4050 Saint Andrews Court offers a rare opportunity to own a 2,579 square foot, one-story home on nearly an acre along the 8th fairway of The Mission Club Golf Course, with no HOA. The setting feels private and open, with beautiful views and a sense of space that is hard to find. A long driveway provides ample parking, including a garage that can accommodate larger vehicles. The landscaped front yard features a hillside patio overlooking the neighborhood. Inside, hardwood flooring runs throughout and the living room is filled with natural light, highlighted by vaulted ceilings, a statement fireplace, and large picture windows. A sliding glass door opens to the patio, creating an easy indoor-outdoor connection and a great vantage point for evening skies and rocket launches. A front bedroom with en suite works well for guests or as a second primary option. The kitchen offers ample cabinetry, an indoor grill feature, large island with sink, walk-in pantry, built-in desk, and dedicated dining area. The indoor pool is visible from the kitchen, dining area, and hallway bedrooms, adding natural light and a striking architectural element. The primary suite features pool access, dual sinks, and a tiled step-in shower. The saltwater pool includes updated plaster, heating, and lighting for year-round enjoyment. The grounds feature a large patio, fenced side yard, lower dog run, spacious lawn stretching toward the course, and a mature oak tree near the fairway. Recent improvements include air conditioning, exterior paint, roof replacements for the home and pool structure in 2022, new gutters in 2026, and pool updates in 2024. The home also includes Tesla Batteries and Solar Panels. The Mission Club offers a public golf course, restaurant, bar and grill, plus optional memberships with fitness center and pickleball courts. Ideally located near Vandenberg Space Force Base and positioned between Santa Barbara and San Luis Obispo with easy access to Highway 1 and 246, local wineries, beaches, La Purisima Mission, and the Burton Mesa Reserve, this is a rare Central Coast property offering space, privacy, and a truly unique setting.
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.
