GREAT OPPORTUNITY TO OWN AT 3% INTEREST RATE! Expanded and thoughtfully updated, this South Huntington Beach home offers nearly 2,300 square feet of functional living space in one of the area’s most sought-after neighborhoods. A tile entry welcomes you in and transitions into wood flooring that runs throughout, complemented by upgraded windows and plantation shutters that bring in natural light while maintaining privacy. The layout is both practical and flexible, featuring a formal living room, separate dining area, and a spacious family room. At the center of the home, the kitchen has been upgraded with a high-end, entertainer-focused design—white cabinetry, a breakfast bar, and an open flow into an added family room with French doors that lead directly to the outdoor patio and pool. Two fireplaces add warmth and separation between the main living spaces without disrupting the open feel. A downstairs bedroom—currently set up as an office—sits adjacent to a full bathroom, creating an ideal space for guests, remote work, or multigenerational living. Upstairs, two generously sized bedrooms with a well-appointed hall bathroom. Find peace at the end of a long day in the comfort of your own private master suite, complete with walk-in closet, shutters, and full ensuite with glass shower and large vanity. The outdoor spaces are designed to be used year-round. An enclosed front patio adds privacy and an additional place to gather, while the yard wraps around the home, offering multiple areas to entertain—including a built-in BBQ with bar seating, a cozy fire pit, and a large pool with waterfall features and a spa. Additional highlights include a fully finished 2.5-car garage with epoxy floors and built-in cabinetry, providing both functionality and clean storage. Located in a highly regarded South Huntington Beach neighborhood, the home is just minutes from local schools, everyday shopping and dining, and within a few miles of the coastline.
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.
