The City of Livermore has become one of the most desirable destinations in the Tri-Valley, just east of the San Francisco Bay. While the area still reflects its rich heritage of farming, wine growing, and ranching dating back to Robert Livermore, today it offers a vibrant suburban lifestyle with something for everyone. Livermore is well known for its award-winning wineries, including Darcie Kent Vineyards, Wente Vineyards, McGrail Vineyards and Winery, Concannon Vineyard, and Rubino Estates Winery—with dozens more to explore. Residents enjoy an abundance of open space for hiking and outdoor recreation, along with a lively downtown filled with exceptional dining, entertainment, farmers markets, and cultural attractions like the Bankhead Theater. The city is also home to the renowned Livermore Rodeo held each June. Now is your opportunity to put down roots in this thriving community with 442 James Street. This charming property features a 4-bedroom, 2-bath main home offering approximately 1300 sq ft of living space. In addition, a detached structure of approximately 220 sq ft provides flexible use as a home office, entertainment space, gym, or accommodations for extended family or guests. With the addition of a kitchen and full bathroom (buyer to verify with the City of Livermore regarding permits and regulations), this space offers excellent potential to be converted into a fully functional ADU. The backyard includes a covered patio—perfect for hosting BBQs and gatherings—and offers a great opportunity to create your own private outdoor oasis. Join us at the first open house: Saturday, April 25th & Sunday, April 26th | 12:00 PM – 4:00 PM. We’re excited to present this wonderful home and invite you to experience all that Livermore has to offer. Come explore the property and take a stroll through the vibrant downtown—you may just find your next home here.
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.
