Welcome to 8596 Comet Street, where timeless contemporary design meets modern comfort in one of Rancho Cucamonga’s most compelling values. Thoughtfully remodeled with exceptional attention to detail, this residence offers a warm, inviting atmosphere enhanced by stylish upgrades and functional living spaces designed for today’s lifestyle. At the heart of the home is a stunning chef-inspired kitchen featuring elegant shaker cabinetry, luxurious quartz countertops, a waterfall island, a full-height quartz backsplash, and premium stainless steel appliances, including an upgraded range and microwave. Beautiful updated flooring flows throughout, creating a seamless blend of sophistication and everyday comfort. The seller has enhanced the home with additional living space, including a spacious family room, a private office, and a second bathroom adjoining the primary suite, providing added versatility for today’s evolving household needs. Outside, the property continues to impress with a detached two-car garage, an extended driveway offering ample parking for an RV, boat, or multiple vehicles, and energy-efficient solar. The beautifully designed backyard is an entertainer’s dream, featuring an ideal combination of landscaped greenery and expansive concrete hardscape, highlighted by an impressive 26’ x 14’ gazebo and a generous 10’ x 16’ storage shed, creating the perfect setting for relaxing, entertaining, or enjoying Southern California living year-round. Opportunities like this are rare. Combining modern upgrades, exceptional outdoor amenities, generous parking, and outstanding value in a highly desirable Rancho Cucamonga neighborhood, this is a home you won’t want to miss. Schedule your private showing today and experience everything this remarkable property has.
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.
