Nestled on an expansive 14,000+ square foot corner lot, this versatile 3-bedroom, 2-bathroom home offers the perfect blend of space, privacy, and accessibility. Whether you are looking for room to grow, entertain, or a place to store your outdoor gear. This home gives you all the outdoor space you’ve been dreaming of—complete with RV parking and a huge oversized garage for all your tools and toys. Step inside to discover a thoughtfully designed layout, with the primary bedroom and bathroom privately located at the rear of the home—offering a quiet sanctuary and comfortable retreat away from the main living areas. On your way there, you’ll pass a hallway packed with built-in cabinet storage—perfect for keeping things organized & ensuring a place for everything—tucked off to the side is a super convenient indoor laundry room. One of the secondary bedrooms features an additional bonus space, currently utilized as an extra bedroom, making it perfect for a home office, retreat, nursery, or multi-generational living setup. Outside, the possibilities are endless. The oversized lot provides ample space for outdoor entertaining, gardening, or future expansion. Enjoy the convenience of RV parking and an oversized garage, offering plenty of room for vehicles, storage, or even a workshop. Commuters will love the proximity to the 57, 10 & 210 freeways, providing quick access to surrounding business centers, shopping, such as Costco, Sam's Club, Lowes, Target & Home Depot (just to name a few), and dining while maintaining a peaceful place to call home. Whether you’re looking to entertain in that huge backyard or just enjoy the flexible floor plan, this home has so much potential. Don’t miss this unique opportunity to own a property with incredible potential and flexibility to fit your lifestyle. With its rare lot size and flexible layout, this home is a blank canvas ready for your personal touch. Come take a look and imagine the possibilities! Schedule a showing today to see the potential for yourself!
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.
