Welcome to this rare, single-level ground-floor residence with 2 bedrooms, 2 bathrooms AND 2 patios! With a bright and open layout and sunlight streaming in from every angle, it’s the kind of home that just feels good the moment you step inside. Enjoy the “Bentwood Tan” luxury vinyl plank flooring throughout, cozy ambient fireplace, and a “refreshed” kitchen with sleek quartz counter, top-notch Samsung appliances, refaced cabinetry and newer fixtures. The spacious primary suite offers dual closets and an ensuite bath with a step-in shower, while both bedrooms open directly to the patios—perfect for seamless indoor-outdoor living. Other features include LED lighting, a bonus storage closet on the patio, a secure parking space, and private storage cabinet. All this in Park Row, one of Downtown’s most charming low-rise communities, known for its lush landscaping, fantastic amenities, and unbeatable walkability. And yes—low HOA dues, too! There is no other development like Park Row in Downtown; beautiful garden-setting with sparkling fountains, a plethora of flowers, trees, real green grass and courtyards to boot. With no elevators, long corridors or hallways; rather “ease of access” walk-up style residences, it offers a serene escape for those seeking the charm of urban living without the high-rise hustle. Nestled beside the historic Pantoja Park, this tranquil community invites you to stroll to The Headquarters, Seaport Village, the Gaslamp Quarter, and the scenic waterfront, with Downtown San Diego's cultural highlights just steps away. Beautifully landscaped grounds enhance the peaceful ambiance, while amenities such as clubhouse, year-round heated pool, and spa create a relaxing retreat. Plentiful visitor parking is an added perk, and additional parking, storage options, bike storage, and an EV charging station are available through the HOA. Embrace the perfect balance of city convenience and peaceful living at Park Row—welcome home!
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.
