STOP SCROLLING! Your Riverside dream home is calling, and it is the massive opportunity you have been waiting for! This isn't just another listing; it is a "Legacy Maker" sanctuary perfectly positioned for commuters with lightning-fast access to both the 91 and 60 freeways. Imagine waking up every morning in your Primary Suite to BREATHTAKING VIEWS of the Santa Ana Mountains, then stepping through your private exterior door to sip coffee on your swing while the morning sun hits the mountain peaks. This move-in ready, single-story gem offers a spacious and functional 5-BEDROOM layout that is perfect for large or multi-generational households, featuring a massive dining room for family gatherings and a dedicated BONUS ROOM so large it currently fits an 8-foot pool table with room to spare. The real magic happens outside on nearly a third of an acre. This backyard is a true blank canvas with endless potential—whether you envision a sparkling POOL to beat the Inland Empire heat, a guest house ADU for passive income, or a massive garden, the space is here and ready. Plus, for those with toys, there is ample room to add substantial RV PARKING. You can even enjoy fresh oranges, lemons, and grapefruits right from your own mature trees today. Because the house sits on a hill, you get a refreshing afternoon breeze and the kind of privacy that is nearly impossible to find—with only one real neighbor and no one behind you, just the peaceful sights of hawks and owls soaring over the nearby fields. We know the market can feel challenging, but this home is designed to help you win. You get the rare combination of NO HOA, LOWER PROPERTY TAXES, and the massive benefit of Riverside Public Utilities. Every detail has been handled for your peace of mind, from the double-pane windows that keep the interior pin-drop quiet to the full exterior security system with surveillance cameras and a whole-house fan to keep you cool. With mail delivered right to your front door and a lot that offers total seclusion while being only 10 minutes from the heart of Downtown Riverside, this is the lifestyle upgrade you deserve. Don't let this be the one that got away. Make this incredible Riverside retreat your own 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.
