Tucked away on a private cul de sac and down the private driveway, this property opens up to a true outdoor retreat with space, functionality, and versatility that’s hard to find. The grounds are the standout feature, offering a resort style backyard designed for both entertaining and everyday living. A freeform pool with natural stone accents, elevated spa with cascading spillways, and a large baja shelf set the tone, while the covered patio with built in BBQ creates a seamless indoor outdoor flow. Beyond the pool area, the property continues to deliver with a basketball court, a charming gazebo with electricity perched on a knoll offering views of the surrounding mountain side, and a large detached shed with surrounding concrete walkways. For those needing space for toys or equipment, there is dedicated RV/boat parking with a separate gated driveway, covered storage, in addition to the expansive main driveway. Adding to the home’s efficiency and long term value, the property includes fully paid solar, has very low taxes and no HOA. Inside, the home is well upgraded and filled with natural light. The kitchen serves as the centerpiece, featuring granite countertops, stainless steel appliances, upgraded cabinetry, a farm sink, and both an island and peninsula for ample workspace and storage, all overlooking the backyard. The layout offers multiple flexible living spaces downstairs that can easily adapt to your needs, whether that’s formal dining, a game room, or additional lounge areas. Upstairs, the primary suite is spacious and private with vaulted ceilings, a dual sided fireplace, sitting area, and a well appointed bathroom with dual sinks, a jetted tub, walk in shower, and custom closet built ins. Secondary bedrooms are well sized and the overall floorplan allows for a variety of living arrangements. Surrounded by mountain views and mature landscaping, including fruit trees and palms, this property offers a rare combination of usable land, upgraded living space, and true lifestyle amenities.
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.
