Experience peaceful cul-de-sac living on an expansive 40,075 sq ft lot at 705 Wishard, a beautifully updated 4-bedroom, 3-bathroom home offering 2,030 sq ft of stylish and comfortable living space. Thoughtfully improved inside and out, this property provides both modern convenience and exceptional privacy.The home features a freshly painted interior and exterior, creating a clean and updated feel throughout. The main level includes a highly desirable full downstairs bedroom and bathroom, perfect for guests, multigenerational living, or a private office. A whole house fan adds energy-efficient comfort across the seasons.The spacious kitchen and living areas flow seamlessly for everyday living and entertaining, while large windows frame views of the vast property beyond. Outdoors, the possibilities are endless--garden, expand, build, or simply enjoy the serenity of your oversized lot. Multiple fruit trees, including pear, orange, and avocado, add charm and homegrown convenience. The generous lot also offers RV access, providing exceptional flexibility for recreational vehicles, storage, or additional future use.Additional upgrades include a new Tesla EV charger and modern touches throughout the home, making it move-in ready with valuable long-term benefits.Located at the end of a quiet cul-de-sac, this property offers rare space, privacy, and versatility--an exceptional opportunity in a sought-after setting.
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.
