Welcome 6007 Sierra Place! Your stunning newer home in the highly desirable Atwell community of Banning—where style, comfort, and mountain views come together beautifully! Built in 2021, this 4-bedroom, 2-bath home shines with incredible curb appeal and sits in a peaceful, quiet neighborhood. From the moment you walk in, you’re greeted by a bright, open entry and gorgeous tile flooring that flows throughout, setting the stage for a clean and modern feel. The kitchen is truly the heart of the home—spacious, functional, and perfect for hosting. You’ll love the massive island, beautiful granite countertops with tons of space, abundant cabinet storage, and a cozy pantry, all opening seamlessly to the dining and living areas. With large windows bringing in an abundance of natural light and 10-foot double sliding doors, the indoor-outdoor flow is absolutely effortless. Step outside and take in the mountain views from your backyard under the upgraded tile patio cover—this is the kind of space you’ll never want to leave. The layout is ideal, with 3 bedrooms at the front and a private primary suite tucked away in the back. Plus, enjoy modern touches like dimmer lighting, smart switches throughout, and solar to help keep energy costs down. Living in Atwell means access to amazing amenities including scenic walking trails, pools, a clubhouse, and playgrounds for all ages—all surrounded by beautiful natural landscape. This home has the vibe, the upgrades, and the lifestyle—come see it before it’s gone!
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.
