# Charming Home in Blythe with Generous Lot Size! Welcome to this inviting 3-bedroom, 1.5-bathroom home nestled in the friendly community of Blythe, California. This property sits on a spacious lot that offers room for gardening or simply enjoying outdoor living in the beautiful desert climate. The location is convenient! Located near Palo Verde Valley High School, providing proximity to educational facilities. A Starbucks is nearby – conveniently accessible while maintaining a quiet residential atmosphere. The property also features alley entry, adding extra convenience for parking and property entry. The primary bedroom offers a cozy retreat after a long day, while two additional bedrooms provide ample space for various needs such as guests or home offices. With one full bathroom and a convenient half bath, the home offers practical amenities for everyday living. The kitchen features elegant granite countertops, adding both style and durability to your cooking space. This home's position near Interstate 10 Business Loop ensures easy access to all of Blythe's amenities while maintaining a peaceful residential feel. The property offers convenient access to local shops, restaurants, and services. At this attractive price point, you're getting exceptional value in today's market. The generous lot size provides options that smaller properties may not offer – outdoor space for various activities, entertaining, or potential for future expansion. Don't miss your chance to own this practical, well-located home in one of Blythe's established neighborhoods!
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.
