Welcome to your private retreat in the highly sought-after Corona Ranch community, where thoughtful design, elegant upgrades and everyday comfort come together beautifully! From the moment you enter, natural light pours through newly installed dual-pane Anlin Vinyl windows, creating a warm and inviting atmosphere throughout the home. The main level showcases beautiful new luxury vinyl flooring and flows effortlessly into a stunning chef-inspired kitchen designed for gathering and entertaining. Highlighting custom soft-close cabinetry, elegant stone tile accents, striking Black Galaxy Granite countertops and a custom glass backsplash creating a sophisticated yet welcoming space. Premium appliances include a five-burner convection self-cleaning over and side-by-side refrigerator complete the kitchen while standing at the sink you will soak in peaceful views of the backyard oasis. Step outside to discover a tranquil retreat featuring a custom spool with cascading waterfall-perfect for unwinding at the end of the day or hosting unforgettable evening with family and friends. The enclosed patio room, currently used as a private office, offers endless possibilities and could easily become a sunroom/creative studio/yoga space or playroom. A first-floor bedroom with a beautifully renovated bathroom provides an ideal space for guests or multi-generational living. Upstairs the spacious primary suite offers serene escape along with two generously sized secondary bedrooms and an updated bathroom. The spa-inspired primary bath features a large walk-on closet, oversized soaking tub, separate walk-in shower, private water closet and dual vanities with custom cabinetry. A space designed for relaxation and comfort. Additional highlights included a dedicated laundry room with convenient direct garage access. Wifi ran irrigation system, garage door, ring doorbell and thermostat are all included along with fully paid Solar! Just steps from the home residents enjoy a neighborhood park and playground along with walking distance access to the highly rated Corona Ranch Elementary School. Ideally located near shopping, dining, scenic hiking trails, major freeways and the unique charm of Horse-town USA. This home offers the perfect blend of lifestyle, location and luxury! Once you experience it in person, you'll understand why homes like this are so special! This is the one you've been waiting for!
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.
