Coming Soon in Costa Mesa. Set within Piccadilly Terrace, an intimate 11-home community, this spacious 3-bedroom, 3-bath end-unit townhome offers the kind of layout, privacy, and central Costa Mesa convenience that can be hard to find at this price point. Step into the bright and spacious living area, complete with vaulted ceilings and a charming fireplace. The dining room seamlessly connects to both the living area and the kitchen, enhancing the open-concept feel, while a sliding glass door leads to the private backyard, perfect for everyday living, relaxing, and entertaining. The floor plan is especially practical, featuring a full bedroom and full bathroom downstairs, ideal for guests, extended family, a home office, or anyone looking for added flexibility. Upstairs, two bedroom suites each offer their own bathroom and walk-in closet, creating a comfortable dual-suite setup with added privacy. Additional highlights include direct access to an attached 2-car garage, in-unit laundry with a newer washer and dryer, luxury vinyl plank flooring, and a tankless water heater installed in 2025. The backyard was updated just a few years ago with a built-in BBQ, creating an inviting outdoor space to gather, unwind, and enjoy the coastal weather. With low HOA dues of just $225 per month and a location just a few miles from Newport Beach and Huntington Beach, this home offers the space, convenience, and coastal access buyers look for in Costa Mesa. Enjoy close proximity to John Wayne Airport, South Coast Plaza, Triangle Square, The LAB, The CAMP, and convenient access to the 55, 405, and 73 freeways.
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.
