Relax at your single story forever home with 4 spacious bedrooms and 3 full bathrooms! One of the guest bedrooms has its own bathroom and this sought after home is a single story! Perfect for a second master bedroom or in laws quarters. There are NO HOMEOWNERS ASSOCIATION FEES! The spacious inviting floorplan has lots of natural light as well as dramatic vaulted ceilings. The guest bathroom has a double sink vanity, and the master retreat has an oversized walk-in closet! The interior laundry room is just off the giant three car garage with a giant driveway for lots of extra parking! So much to offer with every attention to detail at this delightful family home with an incredible open floorplan with a formal dining way and breakfast nook. Enjoy your morning coffee at the breakfast bar and or cozy up the family room's beautiful fireplace. The living room is spacious, and the gorgeous wood flooring really is a nice complement to the soothing paint colors and every attention to detail has been given to this incredible floorplan. Enjoy the sunsets and the cool gentle breeze that rolls in every day. The front yard is a true haven with the most beautiful grass you have ever seen. The front foyer has plenty of room for you to sit outside and enjoy the morning sunshine. Truly a private and quiet home with block walls in the back yard for added privacy and serenity. Come home to a lifestyle and enjoy all that Rialto has to offer. So close to all transportation, shopping and restaurants. Wonderful schools and such a great community of neighbors. A wonderful place to be. So much to offer and a fantastic neighborhood. So close to the mountains and not that far from where you wish to go! Plenty of room out back for your family pets and or outdoor recreation. This home has something for everyone. Lots of kitchen cabinets and storage with an open and inviting floorplan. Come on over and enjoy all that this splendid home has to offer. Contemporary and charming. Even has 3 sliders out the back yard!
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.
