Welcome home to this beautifully updated 3-bedroom, 1-bath residence nestled on a picturesque, tree-lined street in a prime Upland location. Combining classic charm with thoughtful modern upgrades, this move-in-ready home offers comfort, functionality, and long-term peace of mind. Step inside to a bright and inviting living space enhanced by recessed lighting in the kitchen, living room, dining area, and one bedroom. New windows throughout the home bring in abundant natural light while improving energy efficiency. The kitchen has been tastefully remodeled with new countertops, a new sink, and stylish tile flooring—perfect for both everyday living and entertaining. The bathroom has also been refreshed with a new vanity, creating a clean and updated feel. One of the three bedrooms features a spacious walk-in closet, providing excellent storage and organization. Major system improvements add tremendous value, including new copper plumbing, earthquake bolt retrofitting for enhanced structural safety, and a roof that was replaced approximately five years ago. Outside, enjoy fully fenced front and rear yards—ideal for relaxing, gardening, pets, or play. The expansive backyard features new fencing and a large gate that opens onto a concrete pad, providing convenient RV or boat parking. The two-car garage is accessed from the rear alley, offering added privacy and functionality. The alley access also presents an excellent opportunity for a potential ADU (Accessory Dwelling Unit), creating possibilities for additional income, extended family living, or future expansion (buyer to verify with city). With its desirable location, extensive upgrades, flexible outdoor space, and ADU potential, this home truly checks all the boxes. Don’t miss this exceptional opportunity!
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.
