Welcome to 853 Sunset Dr, a beautifully renovated Santa Clara home that stands out for its quality, comfort, and attention to detail in a prime Silicon Valley location. This move in ready 3 bedroom, 1.5 bath residence has been fully updated to deliver a fresh, modern living experience throughout. Inside, you are greeted by beautiful new genuine hardwood flooring that creates a warm and elevated feel across the home. The kitchen has been fully remodeled with modern finishes and premium appliances, paired with tastefully updated bathrooms that offer a clean, contemporary design. Additional upgrades include Milgard dual pane windows, upgraded copper plumbing, and thoughtful improvements throughout that enhance both comfort and efficiency. Major system upgrades provide peace of mind for years to come, including brand new central heating and air conditioning (2026), a 200 amp electrical service upgrade, and a dedicated EV charging outlet at the carport. Each improvement has been completed with long term livability and function in mind. The property includes a detached garage built in 2015 and sits on a generous 6,420 sqft lot with possible expansion potential, offering flexibility for future needs while maintaining a comfortable and usable outdoor space today. Located in the heart of Silicon Valley, this home is close to major employers, including Apple, NVIDIA, Google, and Intel, as well as nearby parks, shopping, dining, and convenient commuter routes that make daily life easy and connected. Homes in this condition and location rarely come available in Santa Clara. Don’t miss the opportunity to make this beautifully updated home yours.
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.
