****BACK ON THE MARKET AT NO FAULT OF SELLER UPON CANCELLATION OF CURRENT ESCROW***PRICE IMPROVEMENT ** SELLER WANTS IT SOLD ASAP*** Showpiece in Yucca Valley !!ASSUMABLE LOAN @3.8%!! **RARE OPPORTUNITY-LOWER MONTHLY PAYMENTS THAN LOCAL RENT THANKS TO THE ASSUMABLE RATE (IF USED)** Turnkey Corner-Lot Home Welcome home to this stunning, fully renovated "METICULOUSLY REBUILT DOWN TO THE STUDS WITH PERMITS, THIS TURNKEY HOME BLENDS MODERN SYSTEMS AND FINISHES WITH COMFORTABLE DESERT LIVING" 3-bedroom, 2-bath residence with 1 oversized car garage, ideally located on a generous corner lot a short distance to schools and a short drive to Joshua Tree National Park (approx 15-20 mins) & World famous Pioneer Town (approx 5-10 mins) Interior Features - Open floor plan with a light-filled living area and wood burning fireplace - French door connecting the living area to the master bedroom/bonus room - Newly remodeled kitchen with concrete countertops and contemporary finishes - Utility-sized private laundry room with space suitable for a walk-in pantry - Spacious bedroom closets and new waterproof laminate manufactured wood flooring throughout Major Upgrades - New insulated walls and insulated attic - New PEX plumbing and upgraded electrical system with new service panel - New dual-pane windows and new 30-year roof - Fresh interior and exterior paint; new wood fencing - New HVAC system Exterior & Financial Benefits - Large enclosed yard with ADU potential (buyer to confirm permitting requirements with local authorities) - Paid solar system grandfathered under NEM 2.0 long-term electric savings potential! - Active short-term rental permit through May 2027; property offered furnished for turnkey operation (buyers should confirm permit transferability and applicable rental regulations) Additional Information - Sold furnished; detailed inventory list available upon request - All renovation work completed with permits; documentation available for buyer review
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.
