Exceptional Oversized Lot — A rare offering in today’s market, this expansive ~13,000 sq ft lot stands out as one of the largest in the area unlocking possibilities that are increasingly hard to find. Whether you’re envisioning an ADU for added income or multigenerational living, a resort-style pool, a flourishing orchard or garden retreat, or an expansive outdoor haven for entertaining and play, this property delivers the space to bring your vision to life. This home comes with Solar and something most buyers spend years creating, a thriving, producing orchard already in the ground and growing apricots, pomegranates, figs, nectarines, plums, apples, oranges, peaches, cherries, pears, persimmons, and grapes. A seasonal garden adds zucchini and cucumbers to the harvest. A chicken coop is already in place with fresh eggs for a zero commute. This is truly farm-to-table living without the farm price tag. This home presents a prime opportunity for buyers looking to build equity and customize to their taste. With solid fundamentals already in place, a thoughtful cosmetic refresh can transform this property into something truly special maximizing both lifestyle and long-term value. Enjoy quick access to major interstates and it's located within minutes from the UC Davis main campus while coming home to a spacious 13,000+ lot. This isn't just square footage, it's a way of life. And opportunities like this don't come around often, come see it for yourself! Some listing photos have been virtually staged.
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.
