Luxury Live Auction! Bidding to start from $2,900,000. Final sales price subject to competitive bidding. Rare opportunity to acquire a private Mediterranean equestrian estate on approx. ±9.5 acres, with optional expansion up to ±20 contiguous acres, in the highly sought-after Bonsall/Fallbrook corridor of North San Diego County. Featuring a ±6,000 sq. ft. residence, guest accommodations, infinity-edge pool, expansive view terraces, gated entry, mature landscaping, 5-stall horse barn, paddocks, and sweeping mountain/valley views. Designed for lifestyle and function with usable land, gardens, orchards, and space for multigenerational living, horses, or a legacy retreat. Ideal coastal climate with convenient access to beaches, freeways, airports, and private schools. Property offered through Harcourts Luxury Auction April 30th. Buyers encouraged to review auction terms and disclosures. Offered for sale at Harcourts Luxury Auction on April 30th. Historical photos online Hidden Ridge Ranch is being marketed as a legacy estate landholding rather than a conventional residential listing. Qualified buyers seeking additional property details, agricultural information, and estate planning context may request the full Offering Memorandum directly from the listing agent. Due to the private nature of the property, showings are available by appointment only and must be scheduled through the listing agent. Buyers are encouraged to review the Offering Memorandum and supporting materials prior to requesting a tour of the property.
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.
