Live steps from the Bishop Arts District’s best coffee shops, restaurants, boutiques, yoga studios, and live music, yet tucked inside a quiet, private corner unit within a community of just 24 homes that feels worlds away from the bustle. This beautifully designed condo delivers walkability, modern comfort, and exceptional value without ever needing to get in your car. This home blends clean, contemporary style with thoughtful functionality. The main level welcomes you with soaring ceilings and oversized windows that fill the space with natural light, highlighting the open-concept living area and sleek modern kitchen with stainless steel appliances*, quartz countertops and Carrara marble tile backsplash. Window shades throughout provide comfort, privacy, and light control. Wide-plank engineered wood floors and a seamless layout make this floor ideal for entertaining or unwinding after a night out. A versatile nook provides the perfect work-from-home setup. Upstairs, both bedrooms retreat to the top floor, each with its own private ensuite bath. The primary suite features a dual vanity and a large, beautifully tiled walk-in shower, creating a spa-like escape. Built in 2020 with energy-efficient construction, the home offers improved energy performance and potential for lower utility costs, a standout advantage in today’s market. The lower HOA fees add even more value and include water, sewage, trash, and management of common areas, helping keep monthly costs predictable. The community offers two fenced courtyards with green-spaces, perfect for relaxing outdoors, enjoying fresh air, or giving pets room to roam. Additional perks include a gated dog run for pet owners and a two-car garage with dedicated storage on the lower level. Modern, efficient, and perfectly positioned between vibrant city energy and peaceful community living, this home offers a lifestyle that’s connected, quiet, and effortlessly low-maintenance.
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.
