Enjoy all of the amenities Dreamland Villa adult community has to offer with NO HOA! Only one resident must be 55+ years old, no one under 19 living in the home, & there is a voluntary club membership for $270 annually that allows access to an array of amenities. This single-story 2-bed, 2-bath residence with an Arizona Room is the one you've been waiting for! Featuring charming curb appeal, low-maintenance landscaping front & back, plus dual carport parking. You will appreciate solar that helps keep utility costs down, along w/a newer A/C (2025) & roof (under 10 years) for energy efficiency. This lovely home offers the perfect blend of comfort, style, & convenience. Discover a spacious living area w/elegant wood-look flooring & custom palette throughout. The adorable eat-in kitchen is retro-style & equipped w/ample cabinetry, mosaic tile backsplash, built-in appliances, & track lighting. The functional laundry room easily allows room to complete daily tasks & pursuee your favorite projects. Primary bedroom includes a ceiling fan, dual closets, & a restroom right next door for added convenience. Another full bedroom includes a ceiling fan & ample closet space. Cozy up in the sunroom complete w/a full bathroom, currently used as an additional bedroom. This is a great space to forget about the weather & marvel at a relaxing sunrise or sunset. Enjoy outdoor living on the inviting front porch or in the spacious fenced backyard perfect for relaxing or entertaining w/covered patio, extended seating area, & massive storage shed. The property also includes a 2-car carport & a spacious driveway. At Dreamland Villa, you will be part of a vibrant 55+ community. You'll find a welcoming atmosphere, neighborhood amenities w/a wide range of activities including clubs, pools, pickleball, workout facility & more. With its combination of updated features, low-maintenance living, & inviting spaces inside & out, this property is ready for you to move right in!
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.
