Modern elegance and refined living await in this exceptional 5-bedroom, 4-bath home in the prestigious Amara neighborhood of Serrano Summit. Built by Lennar in 2022 on one of the community’s largest lots, this residence blends sophisticated design, energy efficiency, and seamless indoor-outdoor living—perfect for discerning buyers seeking both comfort and style. The open-concept layout is filled with natural light and features luxury vinyl plank flooring, smart home tech, GE Monogram® ENERGY STAR appliances, shutters, and PAID SOLAR. The gourmet kitchen offers quartz countertops, an expansive island, walk-in pantry, and soft-close cabinetry—all flowing effortlessly into the dining area and family room. A dramatic 3-panel stacking glass door opens to a covered California Room and beautifully landscaped backyard with low-maintenance turf. A first-floor bedroom and full bath provide flexibility for guests or multigenerational living. Upstairs, the luxe primary suite features a spa-inspired bath, walk-in closet, and its own 3-panel stacking glass door leading to a spacious balcony. Three more bedrooms complete the upper level—one with an en suite bath, two joined by a stylish Jack and Jill. Enjoy resort-style amenities just steps away: beach-entry pool, hydrotherapy spa, clubhouse, pickleball courts, parks, basketball court, playground and more. No Mello-Roos and low HOA. A rare opportunity to own a sophisticated home in a vibrant community, surrounded by the best of Southern California living. A first-floor bedroom and full bath provide flexibility for guests, multigenerational living, or a private office. Upstairs, the spacious primary suite offers a spa-inspired bathroom, generous walk-in closet, and private balcony. Four additional bedrooms complete the upper level, including one with an en suite bath and two connected by a Jack-and-Jill bathroom. Additional builder upgrades include upgraded carpet, a tankless water heater, and built-in garage storage racks. Residents enjoy Serrano Summit's resort-style amenities, including a beach-entry pool, hydrotherapy spa, clubhouse, pickleball courts, basketball court, parks, playgrounds, and community gathering spaces. Ideally located near top-rated schools, shopping, dining, parks, and major commuter routes including the 5, 405, and 133 freeways, this home offers the best of Lake Forest living. With low HOA dues, no Mello-Roos, and an exceptional location within one of Orange County's most sought-after master-planned communities, this is a rare opportunity not to be missed.
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.
