Highly sought after floorplan with 3 spacious bedrooms upstairs and a large loft that could be converted to a 4th bedroom or used as an office. Located at the end of the cul-de-sac. The living room is welcoming to entertain and enjoy the relaxing fireplace or tv time. Kitchen has updated stainless appliances with an island, lots of cabinet space and view is open to the dining and living room. Throughout downstairs bamboo flooring was installed and enjoy the crown molding throughout the home as well. Extend living space flows out the sliding door to the upgraded covered patio and low maintenance synthetic grass in backyard. Heading upstairs the primary bedroom has a large walk-in closet & spacious ensuite bathroom with dual sinks, toilet with privacy door, walk-in shower and soaking tub. The two additional bedrooms share a large bathroom with tub/shower. All rooms upstairs have a ceiling fan installed with light source. Laundry room has side by side washer/dryer and a utility sink. The community was re-piped with PEX 2017. Direct access two car garage attached in addition to the two car side by side private driveway. Owner updated: water heater, garbage disposal, garage door opener, patio overhang with lights and electric outlet, toilets, synthetic grass in backyard, and HVAC system, which includes Nest thermostat, Air Scrubber, Biocide Chamber and PureFlow ductwork. Enjoy your gated community! Home is walking distance to three Blue Ribbon Schools: Las Flores Pre-School, kindergarten, elementary and Middle School as well as Tesoro High School. Sea Country has its own pool and spa just inside the private gate along with a play park and access gate to hiking trails. The Las Flores community has a resort lifestyle which also includes: swimming pool, tennis, pickleball, 2 tot lots and basketball court. Enjoy many annual events throughout the year for the Las Flores community homeowners.
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.
