Welcome to this beautifully remodeled, turnkey home located in the highly sought-after Fairgreen community of Yorba Linda. This move-in ready residence offers an open and functional floor plan featuring new interior paint, stylish vinyl flooring, recessed lighting, dual-pane windows, abundant storage, and large windows that fill the home with natural light. The upgraded kitchen has been tastefully remodeled with quartz countertops, updated cabinetry, and stainless steel appliances including a stove, microwave, and dishwasher. Conveniently located adjacent to the kitchen is an indoor laundry room, providing added functionality and ease. The spacious family room features a cozy fireplace, creating the perfect setting for relaxing or entertaining. Both bathrooms have been beautifully updated with modern finishes. Enjoy seamless indoor-outdoor living with a private front patio and an enclosed backyard patio that opens directly to expansive community greenbelts and park-like open space. Additional features include central heating and air conditioning, a detached two-car garage, and a highly desirable floor plan with no neighbors above or below. The only shared wall is at the garage, offering enhanced privacy rarely found in attached housing. Residents of Fairgreen enjoy resort-style amenities including multiple pools, tennis courts, basketball courts, playgrounds, clubhouse, and beautifully maintained greenbelt areas, all maintained by the HOA. Ideally located near shopping, dining, entertainment, golf courses, and scenic walking and biking trails, this home is also served by the award-winning Placentia-Yorba Linda Unified School District, including highly regarded schools. With easy access to Yorba Linda Town Center, Yorba Regional Park, and major freeways, this exceptional home offers the perfect combination of comfort, convenience, and community living.
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.
