Welcome Home! This mid-century modern home in San Carlos has been thoughtfully shaped over time, blending original architectural detail with updates that support everyday living. Featuring 3BR/2BA with an option to enclose a 4th bedroom and/or convert the oversized 2 car garage into an separate entry ADU, this home has options for all. The Curb appeal of this home is 10/10! Landscaped in a clean, desert-inspired style with pavers & a full automated drip system. Enter the wood fenced entry gate and automatically feel a sense of private retreat vibe! You're greeted with one of two covered outdoor patio areas, more custom landscaping & French Doors opening to your formal front entry room wrapped in light, brick walls, large windows, sliding glass doors and a formal sitting area. The living room continues the sense of openness with vaulted ceilings, wood floors, a brick fireplace, and another set of sliders that connect the indoors with the outdoor spaces. The kitchen sits at the center of the home, complete with a 5-burner KitchenAid stove/separate oven/microwave/refrigerator/and dishwasher that all convey with the sale, skylight and a bay window with a view of your beautiful backyard areas. The floor plan flows easily but also offers the option to enclose a portion for a fourth bedroom if desired as well as an option to convert the oversized 2 car garage into a separate entry ADU. Nearly every room features vaulted ceilings & oversized windows giving the home a calm, natural light filled open feel. MUST READ SUPPLEMENTAL REMARKS FOR MORE DETAILS! Welcome Home! This mid-century modern home in San Carlos has been thoughtfully shaped over time, blending original architectural detail with updates that support everyday living. Featuring 3 bedrooms and 2 bathrooms with an option to enclose a 4th bedroom and/or convert the oversized 2 car garage into an ADU, this home has options for all. The Curb appeal of this home is 10/10! Landscaped in a clean, desert-inspired style with pavers & a full automated drip system. Enter the wood fenced entry gate and automatically feel a sense of private retreat vibe! You're greeted with one of two covered outdoor patio areas, more custom landscaping & French Doors opening to your formal front entry room wrapped in light, brick walls, large windows, sliding glass doors and a formal sitting area. The living room continues the sense of openness with vaulted ceilings, wood floors, a brick fireplace, and another set of sliders that connect the indoors with the outdoor spaces. The kitchen sits at the center of the home, complete with a 5-burner KitchenAid stove/separate oven/microwave/refrigerator/and dishwasher that all convey with the sale, skylight and a bay window with a view of your beautiful backyard areas. The floor plan flows easily but also offers the option to enclose a portion for a fourth bedroom if desired as well as an option to convert the oversized 2 car garage into a separate entry ADU. Nearly every room features vaulted ceilings & oversized windows giving the home a calm, natural light filled open feel. Outside, the backyard is fully usable with two covered patio areas, an outdoor fireplace, lemon trees, custom landscaping, garden boxes, and a dog run with pet turf. String-style lighting runs from the house to the fence, creating an ambiance that is to be regarded allowing for a comfortable setting for evenings outdoors. Improvements throughout the home include all newer dual-pane windows and doors with a lifetime warranty, remodeled bathrooms, new wood flooring, updated lighting, a fence extended to meet the house, modern exterior lighting, and a new roof added in July 2024 with a 20 year warranty, leased solar and battery walls. A two-car garage, usable side yard, and the easy flow between indoor and outdoor areas complete the property. This home has been carefully improved and cared for, offering a setting that feels both grounded in its mid-century design and ready for its nex...
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.
