Tucked away on a quaint cul-de-sac, this beautifully maintained home sits on an expansive 1/3 acre lot and offers the perfect blend of privacy, comfort, and lifestyle. With a 3-car garage, sparkling pool, sport court, lush grass areas, and a large covered patio, this property is designed for both relaxation and entertaining. Located within a unique enclave of just six custom homes built in the mid-to-late 1990s, the residence is move-in ready yet offers the opportunity to personalize with your own upgrades over time. Recent improvements include fresh interior paint and newly stained cool decking in Dec 2025. Inside, a spacious greatroom floorplan features 9 foot ceilings, a cozy gas fireplace, and an island kitchen complete with GE Monogram appliances and a new ASKO dishwasher in 2025. The thoughtful layout includes two split primary suites, plus a third bedroom and an office/den or optional formal dining room, perfect for multi-generational living or flexible use of space. The main primary suite boasts a custom closet, soak tub, and private access to the covered patio and pool area. Additional updates include a new Pentair/Hayward pool filter in June 2023 and the large HVAC unit replaced in 2021, with both HVAC systems serviced regularly. Great location, just venture 5 minutes south on 44th Street to the newly revitalized PV mall/Cactus corridor, offering Whole Foods, Target, REI, Costco, and a wealth of dining and entertainment options. Easy access to the 51 freeway and a variety of top public and private schools. Rare opportunity to own in a custom home community with generous outdoor living and a flexible, highly functional interior layout!
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.
