Welcome to Orangecrest — one of Riverside's most sought-after neighborhoods, known for its top-rated schools, beautiful parks, easy freeway access, and shopping just minutes away. And right in the heart of it all sits 8715 Sandhill Dr. This single-story home checks a lot of boxes from the moment you pull up. Classic brick exterior aspects, tile roof, a wide driveway (potential for RV and more), and a covered front porch that gives you bonus outdoor living space many homes in this price range don't have. Inside, the living room is warm and comfortable with vaulted ceilings, a warm and inviting fireplace, and a gorgeous front entry door with leaded glass detail. The layout flows naturally from the living room into the dining area and into the amazing kitchen that features gorgeous white cabinetry, dark solid surface counters, breakfast bar area, gas range, stainless steel dishwasher, recessed lighting, and more. There's also a cute corner nook off the kitchen with a window — great for a reading chair or morning coffee spot. The primary bedroom has vaulted ceilings, solid surface floors, a mirrored wardrobe closet, and French doors that open directly to the covered back patio for privacy and serenity. The secondary bedrooms are good-sized with solid surface floors and solid closet space. Both bathrooms feature dark solid surface counters and updated framed mirrors. There is also a bonus room area just off the kitchen that leads to the garage, a perfect option for an office, guest space, an an abundance of options! The backyard is where this home really delivers. A large grassy yard, mature landscaping, brick-lined planters, privacy fencing, and enough space and potential to add a pool down the road. Indoor laundry room and a 2-car garage round it out. All of this, with NO HOA, low Tax Rate area, too much to list! Act now, before it's too late!
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.
