Where Coastal Convenience Meets Quiet Luxury. Set on a quiet street in North Oceanside, this expansive 5-bedroom, 3-bath home offers a rare blend of space, privacy and thoughtful upgrades only a few miles from the beach and harbor which is easily accessible by the SLR River Trail without HOA ! This special gem has been meticulously cared for and upgraded. From the moment you arrive, fresh exterior paint and new landscaping create inviting curb appeal. Inside, soaring two-story ceilings, new dual-pane windows, and elegant crown molding fill the home with natural light and a refined atmosphere. The family room with fireplace flows seamlessly into a well-appointed kitchen with granite countertops, custom backsplash, abundant cabinetry, and bar seating ideal for entertaining or relaxed daily living. A main-level bedroom and full bath offer exceptional versatility for guests or a private home office. Upstairs, the primary suite serves as a peaceful sanctuary with vaulted ceilings and a spacious bath featuring a separate soaking tub and walk-in shower. The large, private backyard becomes an extension of the home, featuring a newly poured concrete patio and modern sprinkler system perfect for hosting gatherings, enjoying coastal evenings, or creating your own outdoor retreat. Major system upgrades including a new furnace, new air conditioning, and new water heater. This residence delivers comfort, flexibility, and timeless appeal designed for both elevated entertainment and effortless everyday living.
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.
