Light bright and freshly renovated is this completely turnkey gem that is situated near the end of a quiet cul-de-sac in highly sought-after Laguna Hills. Starting with inviting curb appeal, including a low maintenance desert landscape that features mature palms and other plantings, enter through a gated side yard into an airy and inviting residence that beckons you into the heart of the home. From a convenient entry alcove step into a vaulted ceilings great room that features a spacious living room, with a warm focal point fireplace, recessed lighting and built-in display storage, a generous dining room and a stunning entertainer’s kitchen that has been completely redone and features a large breakfast bar peninsula. All of this opens through a sliding door out to the wrap around yard allowing for enviable indoor/outdoor living and entertaining. With all new cabinets, lighting, hardware, fixtures and finishes the kitchen has a waterfall quartz countertop, a freshly tiled backsplash and all new stainless steel appliances and a deep inset professional grade stainless steel sink. With an abundance of prep and storage space this kitchen is ready for your culinary enjoyment. Off of the main living areas are two bedrooms and those begin with the primary suite which has great light from large windows that look out to the backyard, is light and bright and features a completely redone spa like ensuite which lies beyond dual mirrored closets and features a two station shared vanity, all new cabinetry, hardware, fixates and lighting and a must-see step in shower that has all new everything and really transports you to resort hotel elegance. A similarly finished guest bedroom, and a fully renovated guest bath, completes the living spaces of the residence. The wrap around yard features an abundance of landscaped, gated space and there is apple room to relax, play or entertain in complete privacy. There is a 2 car garage, which can be accessed near the front of the gated side yard, and a 2 car driveway. Located minutes from great schools, including Laguna Hills High which is just steps away, minutes from great shopping and dinning from multiple great retain centers, and minutes from great commuting options, this is the one! Welcome home!
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.
