Set on a quiet, tree-lined street in one of Claremont’s most established & sought-after neighborhoods, this contemporary ranch style residence offers an exceptional blend of modern comfort & classic California living. Thoughtfully updated & designed for today’s lifestyle, the home delivers both everyday ease & effortless entertaining. The interior features a clean, cohesive aesthetic with no carpeting. Warm wood flooring anchors the main living areas, laminate flooring enhances all bedrooms, and Spanish tile adds character & durability to the kitchen & dining space. The living room is designed as a true gathering space, featuring a built-in home audio system with an equalizer & six in-ceiling speakers that create an immersive environment for entertaining or relaxing at home. There is also a cozy fireplace to enjoy on chilly or rainy days. The primary suite serves as a private retreat, highlighted by a beautifully remodeled bathroom completed approximately two years ago. Spa-inspired finishes include a custom glass shower enclosure, a special-order dual vanity, a smart bidet toilet, & an integrated Bluetooth ceiling speaker with multicolor ambient lighting. The secondary bedrooms are spacious, as is the hall bath. An additional dedicated electrical subpanel has been added to support the jacuzzi & smart features, offering enhanced capacity & peace of mind. Outdoor living is equally impressive. The huge backyard is equipped with a full entertainment audio system featuring six outdoor speakers with Bluetooth & AUX connectivity. The deck is ideal for hosting gatherings, movie nights, or casual evenings under the stars. Additional upgrades include a 220V EV and RV charging connection in the driveway with a personalized EV station, along with a digital smart front door keypad for secure, keyless entry. The location offers a highly desirable Claremont lifestyle. Enjoy close proximity to Chaparral Elementary School, the Claremont Village with its acclaimed restaurants, cafes, boutiques & cultural venues, including the acclaimed Claremont Colleges. Additionally, you have access to local walking & biking trails that weave across the foothills. The nearby 210 freeway is commuter-friendly, making commutes to Los Angeles & access to entertainment & dining easy! The area is also known for its strong sense of community & welcoming atmosphere. This meticulously upgraded residence delivers comfort, technology, & timeless appeal in one of Claremont’s most desirable settings.
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.
