Welcome to 9030 Green Road, an acreage property offering space, functionality, and flexibility for those looking to enjoy rural living. Situated south of Highway 138 on a paved dead end road, the property offers convenient access to the nearby stoplight while still providing the privacy and open space buyers seek in Pinon Hills. The location also benefits from city water and high speed internet availability, features not always found in surrounding rural properties. The home sits on usable land and includes multiple outbuildings, making it ideal for storage, hobbies, equipment, animals, or workshop use. A covered two car carport provides convenient parking, and the property includes numerous additional structures and improvements that add both function and value. Outbuildings include an 8 x 10 shed located under the carport, a 12 x 24 shed with 120v 20A power, and a detached aluminum building measuring approximately 24 x 40 (about 960 square feet) with 240v 30A power, offering excellent space for a workshop, projects, or large storage needs. Additional structures include a 10 x 10 Coverdale dog kennel, a second 10 x 10 dog kennel, a 12 x 19 pig pen with three enclosed houses, and a 12 x 8 enclosed garden structure that was previously used as a dog kennel. For those interested in gardening, the property also features two raised garden beds measuring 4 x 10. For RV owners or visiting guests, the property includes a 30 amp RV landing with electrical hookup. The home is entirely electric, including an electric water heater, glass top stove, double oven, dishwasher, and electric dryer. Heating is provided by propane central heating, along with a wood burning stove capable of heating the entire home, while evaporative cooling provides comfort during warmer months. Several infrastructure upgrades have been completed, including modernized electrical run through conduit, copper plumbing, upgraded windows and doors, a roof approximately 4 years old, and solar on an existing loan for improved energy efficiency. The property also features a commercial grade concrete septic system installed approximately 3 years ago with commercial lids. With usable acreage, extensive outbuildings, infrastructure upgrades, and desirable location advantages, this property offers a rare opportunity for buyers seeking space, functionality, and rural living with practical improvements already in place.
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.
