Discover the beauty of refined mountain living set on nearly 4 acres of serene, usable land just minutes from Bass Lake and Yosemite National Park, this exceptional property offers a rare combination of lifestyle, versatility, and income potential in the heart of the Sierra foothills. Designed with both functionality and style in mind, the heart of the home is a stunning chef’s kitchen. Thoughtfully appointed with a large center island beneath a skylight, the space is filled with natural light and warmth. Stone countertops, classic shaker cabinetry, are complemented by double ovens, a gas cooktop, and a tray ceiling. A breakfast bar and casual dining area create the perfect setting for everyday living or effortless entertaining. The formal dinning room offers the perfect space to host. The inviting living room offers a warm and welcoming atmosphere with rich natural textures and an open, airy feel—ideal for both relaxing and hosting guests. This versatile floor plan features a primary suite on each level, offering flexibility for multi-generational living or premium guest accommodations. The main primary retreat upstairs showcases rustic elegance with a wood-accent wall and a spa-inspired ensuite bathroom complete with a dual vanity, walk-in tiled shower, and a luxurious soaking tub. Outdoors, the property truly shines. With nearly 4 acres of usable, horse-friendly land, the possibilities are endless. A mother-in-law home creates an ideal setup for extended family, long-term rental income, or a private guest residence. Additional features include a greenhouse, gazebo, workshop, oversized 3-car attached garage, and striking natural rock outcroppings that enhance the property’s unique character. For investors and savvy buyers, this property presents exceptional income-producing potential. Its proximity to Bass Lake and Yosemite makes it highly desirable for vacation rental demand, while the flexible layout and separate living quarters open the door for multi-unit income streams (buyer to verify local short-term rental regulations). Whether you’re seeking a full-time residence with supplemental income, a vacation home that works for you, or a long-term investment in a high-demand destination, this property delivers. Surrounded by peaceful natural beauty yet conveniently located near year-round recreation, this is a rare opportunity to own a dynamic mountain property with both lifestyle appeal and strong investment upside.
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.
