SELLER DROPPED $50,000 FOR QUICK SALE! Stunning home meticulously kept offers Designer Custom Upgrades Galore! Situated on highly desired N/S exposure lot. One of a kind. Enter this stunning home w/ramp entry to find the hallway is customized w/designer ceiling plus custom stained glass insert on the sidelight. Gourmet Kitchen is a Chef's Delight boasting upgraded leveled White Quartz Countertop w/full backsplash, 36'' wood cabinets, SS Upgraded GE Profile appliance package w/Glass Top Convection Stove, Large SS sink w/filtered water, glass cabinets, bump-ups, cabinet moldings, cook desk & wine rack. Home complete w/Upgraded Accordion Hurricane Shutters, Crown moldings, A/C w/Upgraded 2x yr filter, upgraded 75 gallon hot water heater. Seller is the Original owner & worked with an Interior Designer to make this home very special. True 3BR with closets & doors in each bedroom plus a convertible 4th bedroom. The Primary bedroom has been beautifully customized & offers a unique entrance to the primary bathroom & Fourth convertible bedroom which extends the space of the Primary bedroom. Can be used as a dressing room, extra closet, office, gym, sitting area or art room. This room offers wainscoting on the walls & a large glass block window brining in natural light. Custom drapery throughout w/black out blinds in primary bedroom. Primary Closets have been upgraded. Home offers tint on some windows, upgraded security system w/motion detectors, neutral tile on diagonal, crown moldings, upgraded and newer carpeting in the bedrooms, pocket doors in many rooms, large laundry room with washer & dryer, Splash Sink & cabinets for extra storage. Second full bath is upgraded to walk in shower w/Custom Framed Mirror & upgraded bath lights, tile to ceiling & more. Seller added many more switches, outlets & recessed lighting. Powder room is complete with pedestal sink & custom wall paper, upgraded light fixture. Beautifully maintained landscape surrounds home and seller added additional row of tall flowering bushes on the berm for extra privacy. Private outdoor patio covered and screened & additional pavers beyond. Pull down steps in attic & so much more. Won't last long. Come live the country club lifestyle without paying country club fees. Newly renovated clubhouse for you to enjoy. Endless clubs & shows in this Highly Sought after Valencia Pointe 55+ Community. You will find Resort Style Amenities, Tennis Courts, Pickleball, Convenient Cafe, Game & Card Rooms, Shows & Clubs for all, Billiards, Fitness room, Fitness Classes, Walking trails, Biking Trails & so much More! Pet Friendly.
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.
