Located in the highly desirable gated community of Georgetown at Northwood Pointe in Irvine, this beautifully maintained home offers privacy, charm, and tasteful upgrades throughout. The true highlight of the property is its exceptional backyard retreat, designed as a private garden oasis. Surrounded by lush landscaping and mature trees with no rear neighbors, the yard features manicured greenery, colorful flower beds, and a peaceful lawn. Perfect for entertaining or relaxing, the space includes a wood trellis-covered dining area with sun shades, a cozy seating area, pebble stone fire pit, and a charming garden fountain, all framed by stone-lined planting beds that create a tranquil outdoor setting. Inside, the home offers warm character and thoughtful design. The first floor features wood flooring throughout, while the kitchen provides abundant cabinetry and sliding glass doors opening directly to the backyard, allowing natural light to fill the space. The living room showcases a full wall of windows overlooking the garden, a central fireplace, and custom-built-in cabinetry. Upstairs, a staircase highlighted by a statement chandelier leads to the bedroom level with upgraded carpeting. The spacious primary suite enjoys calming views of lush greenery, while the primary bathroom features dark hexagon tile flooring, elegant lighting, a separate soaking tub and walk-in shower, and a walk-in closet. One secondary bedroom includes a private balcony, while the additional bedrooms offer walk-in closets, ceiling fans, crown molding, and plantation shutters throughout. Additional highlights include a driveway and an organized garage with storage systems and cabinetry. Combining tasteful interior upgrades with a beautifully designed private garden, this home offers a rare opportunity to enjoy peaceful living in the prestigious Northwood Pointe gated community.
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.
