3 Bedroom | 2 Bathroom | Pool | Owned Solar Located in a quiet cul-de-sac in Lemoore, this home offers a lifestyle that is hard to find. With a private pool, owned solar, and newly installed windows, the property brings together energy efficiency and a backyard designed for enjoying the Central Valley sunshine, all just minutes from NAS Lemoore. Inside, the home offers a spacious open floor plan with two separate living areas, providing flexibility for both everyday living and entertaining. One of the living spaces features a cozy fireplace, creating a warm and inviting focal point. The large dining area flows easily from the living spaces and kitchen, making it ideal for gatherings with family and friends. French doors open to the covered patio and backyard, creating a seamless indoor-outdoor connection and adding a sense of tranquility and privacy to the home. Plantation shutters throughout add timeless character while providing excellent light control and privacy, while the newly installed windows enhance both comfort and energy efficiency. The owner’s suite features new carpet, offering a fresh and comfortable retreat. The exterior garage door has been freshly painted, along with updated accent trim, giving the home a clean and well-maintained appearance. The backyard is designed for relaxing and entertaining with artificial grass for low maintenance, a covered patio perfect for outdoor dining, and a garden area along the side of the home. Whether hosting friends or enjoying quiet evenings by the pool, this outdoor space offers a peaceful place to unwind. This property offers the opportunity to enjoy a well-maintained home in a peaceful neighborhood while remaining conveniently close to NAS Lemoore and the surrounding amenities.
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.
