Incredible 4-bedroom, 2.5-bathroom home with a three-car garage located in the coveted Copper Hills community, overlooking beautiful Yucca Valley. Driving through the neighborhood, you’ll sense the pride of ownership and understand why this special area is so sought after. As you pull in, you’ll immediately notice the large concrete driveway accented by well-groomed landscaping, an RV drive-through gate, tile roofing, and tasteful gravel. Stepping through the front door, you are greeted by an elegant formal entryway accompanied by a stylish light fixture overhead. Featuring 2,228 square feet the massive living room and den feature recessed lighting, elegant light fixtures, high ceilings, carpeted flooring, dual-sided fireplaces, and an abundance of natural light flowing through the numerous windows, thus creating an open and airy feeling that flows throughout the floor plan. The gourmet kitchen is ready for your culinary delights. Located just off the dining area and equipped with expansive countertop space, plenty of cabinets, a dual oven, dishwasher, microwave, built-in range, and an island, it is perfect for any home chef. Each guest bedroom is quite large, with ample closet space and ceiling fans. The full guest bathroom features a bathtub/shower, vanity, and tile flooring, and as an added bonus, the property also includes a half bath! Entering the primary suite, you find the perfect private space. Enjoy high ceilings, a custom chandelier, and a private bathroom accented by a large modern soaking tub, dual vanity, walk-in closet, and shower! In the fully fenced backyard, you can plan your next barbecue or gathering. It features a masonry/cast-iron combo fence, gravel, and a nice covered patio to sit out and enjoy a soft desert breeze at the end of the day! Additional features include a large finished three-car garage, HVAC for heating and air conditioning, dual-pane windows, an indoor laundry room, fresh interior paint, and more! Don’t miss your opportunity—call to schedule your private showing today!
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.
