This beautifully updated four-bedroom, two-bath single-family attached home offers privacy and space rarely found in this type of community. The home is uniquely staggered, sharing virtually no living space with common walls, and features two inviting outdoor areasa private entry atrium and a fully fenced backyard that opens directly to a lush greenbelt. Step inside to an open living and dining area with a cozy fireplace and sliding glass doors leading to the backyard patio. The remodeled kitchen (March 2019) includes modern finishes and efficient design (with quartz counters and soft close drawers and cabinets), while the downstairs bedroom offers its own glass slider opening to the front atriumideal for guests or a home office. Upstairs, the primary suite provides private access to the updated bathroom (December 2022). Extensive upgrades include: February 2019: New laminate flooring throughout (stairs, downstairs, and upstairs). March 2019: Kitchen remodel and installation of a tankless water heater. March 2022: New furnace and central AC. June 2022: Finished garage wall and new garage flooring. December 2022: Upstairs bathroom remodel. January 2023: New front sliding glass door. April 2023: Front patio floor and patio roof replaced. An oversized driveway provides additional parking convenience. Just beyond your backyard gate lies a peaceful greenbelt leading to the communitys resort-style amenities. The Fairgreen community offers an exceptional lifestyle, set across 32 acres of beautifully maintained greenbelts and open space. Residents enjoy three Olympic-size pools, two tennis courts, five playgrounds, basketball courts, a softball backstop, and expansive lawns perfect for recreation or relaxation. The neighborhood also provides direct access to the El Cajon walking trail and the OC bike loop, offering endless opportunities for outdoor enjoyment and connection with nature. Offering approximately 1,383 sq. ft. of living space, this rare four-bedroom home combines modern upgrades, functionality, and a serene settingperfect for everyday living or entertaining.
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.
