Nestled in the highly sought-after Orangecrest neighborhood, this exceptional residence seamlessly blends timeless elegance with modern sophistication. Every detail has been meticulously curated to create a serene sanctuary of style and comfort. A charming front porch welcomes you with grace, offering the perfect spot to unwind as the sun sets in a cascade of golden hues. Step inside to discover gorgeous hardwood flooring, impressive high ceilings, and exquisite crown molding and baseboards that set the tone for refined living. The heart of the home is an expansive open-concept kitchen and living area, ideal for contemporary lifestyles. The chef’s kitchen boasts striking quartz countertops, premium KitchenAid appliances, abundant upgraded cabinetry, a farmhouse sink, walk-in pantry, and a generous center island illuminated by pendant lighting. The adjoining dining and living spaces are bathed in natural light, creating a relaxed yet sophisticated ambiance. The formal dining room and adjacent butler’s pantry elevate your entertaining experience. A first-floor en-suite bedroom offers versatility for guests or multi-generational living. Upstairs, a cozy loft with a built-in desk provides a peaceful retreat, while three spacious secondary bedrooms—one with its own en-suite bath—ensure comfort and privacy. The palatial primary suite is a true haven, featuring a spa-inspired bathroom with a standalone soaking tub, luxurious shower, dual vanities, marble flooring, and a custom walk-in closet with built-in organizers. The sweeping, pool-sized backyard presents endless possibilities for leisure. An extended California room offers seamless indoor-outdoor living, ideal for al fresco dining or unwinding amidst mature landscaping that includes a lush lawn, stately cypress trees, and a variety of fruit and olive trees. Additional highlights include custom window treatments, designer lighting, an upstairs laundry room with sink and cabinetry, a security system, block and vinyl fencing, and a spacious three-car garage. Throughout the home, premium finishes and thoughtful design choices create a harmonious layout ideal for both everyday living and stylish entertaining.
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.
