Don't miss out on this beautiful entertainer's paradise pool home that has it all! This home is situated on a desirable corner lot within the prestigious East Lake Village Community of Yorba Linda. Not only do you have beautiful curb appeal but also have plenty of driveway space to park 3-4+ cars with potential RV space if desired. When you step inside, you'll appreciate the new wood/laminate flooring that flows seamlessly throughout the home setting the tone for modern comfort & timeless style with attractive plantation shutters throughout that showcases the attention to detail. The Formal living & dining room are spacious with high cathedral ceilings. The adjacent family room offers an artfully frame fireplace creating a cozy yet refined gathering space. Upstairs, you'll appreciate the 2 newly remodeled bathrooms with quartz counters, new cabinets, dual vanities, and luxurious walk-in shower. The bedrooms provide plenty of space for family or guests. Also, some additions that will give you peace of mind is a recently new installed electrical panel, plumbed natural gas line to decking area fire pit, and new waterless tank system. When you step outside into your private backyard oasis creatively designed for both relaxation and entertaining along with enjoying the sparkling pool, relaxing in the spa, and enjoy the soothing sounds from the waterfall. This private setting includes a welcoming covered patio with recessed lighting along with a built-in BBQ Island, the perfect gathering spot on warm evenings ahead. The expanded side yard offers a perfect dog run or sports area along with an added enclosed bonus room. This central location is fabulous with several parks just minutes away along with nearby 5-star restaurants, shopping, and award-winning excellent schools...it doesn't get much better, this is where you want to be!
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.
