Beautiful custom residence, originally built in 2008 and extensively renovated from 2022-2023, situated on 3.31 acres at the end of a private cul-de-sac enclave of just five custom homes. Framed by sweeping Catalina and Tortolita Mountain views, this no-HOA property with horse privileges offers an exceptional blend of privacy, space, and refined desert living. Encompassing over 4,000 square feet, this single-level home features 5 bedrooms, 3.5 baths, a dedicated office/den, and a generous bonus/recreation room. Architectural character is showcased through vega beams, exposed wood columns, a statement stone fireplace, and Andersen dual-pane windows, while cohesive 2'x4' tile flooring enhances the main living areas. Both the interior and exterior have been recently repainted, with(continued) updated lighting, ceiling fans, and added SolaTubes that bring in abundant natural light. A custom glass-and-metal front entry door opens onto a private courtyard with captivating sunset views, and the driveway is prewired for a future electric gate. Just inside, a glass-enclosed office near the entry creates a polished and functional work-from-home environment. The gourmet kitchen is thoughtfully designed with a wall oven and microwave, 6-burner gas cooktop with griddle, dual-tier workstation island sink, warming drawer, custom cabinetry, and granite countertops with extensive seating area, ideal for both daily living and entertaining. A split-bedroom layout enhances privacy, with a spacious primary suite featuring dual closets, dual vanities, a walk-in shower, and a separate soaking tub. Four additional bedrooms occupy the opposite wing, including an ensuite with direct access to the backyard and pool. At the center of the home, the expansive bonus/recreation room with kitchenette and half bath offers exceptional versatility, currently used as a gym, but equally suited for a home theater, teen lounge, guest quarters, game room, or executive workspace. Additional amenities include a laundry room with extensive cabinetry and a second refrigerator, and an oversized 3-car garage with epoxy flooring and newer insulated garage doors. A circular concrete driveway provides ample parking and ease for guests. The outdoor living environment is truly resort-inspired. A resurfaced PebbleFina pool, approximately 10 feet deep, features a lagoon-style design with spa, swim-up bar, water features, and automated controls. A well-appointed outdoor kitchen anchors the entertainer's backyard, complemented by multiple seating areas, a cozy outdoor fireplace, and mature landscaping with abundant fruit trees and palms. Expansive paver patios and grassy areas complete the setting, all oriented to maximize the stunning Catalina Mountain views. A rare offering, fully renovated, thoughtfully designed, and perfectly positioned to capture the essence of luxury desert living.
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.
