End Corner 3 BR/ 2.5 BA Townhouse with 2 Car Garage! Over 1,360 square feet of living space! Crown Molding on the entire first floor. Complete new kitchen featuring refinished cabinets, Travertine floors, granite counter tops and counter area with Brazilian site inlays, SS sink with touch control faucet. The entire home has recently skip troweled and freshly painted walls. Hardwood Floors in the dining and living room and all bedrooms with custom baseboards. LED lighting throughout. Whole House filtration system. Main Bath features a Custom walk-in shower with rain bonnet, shower heard and wand, Grohe hardware, porcelain tile floor and refinished cabinets, custom concrete scoop sink, with brushed nickel hardware. Lighted shower area and lighting behind custom mirrors and a new toilet. Guest bath features Porcelain flooring, refinished cabinet, trough concrete sink and brushed nickel hardware. Half bath features a new toilet, travertine tile floor, custom concrete trough sink with brushed nickel hardware. The ample sized private patio features a new 4” concrete reinforced with rebar, stamped and color coated, a timed irrigation system and a new fence as of 2025. Also included with this amazing home are smart home features such as a Nest camera and keyless locks for the front door and app or keyless entry for the garage. Garage also feature custom flooring and cabinetry. Laundry room is located upstairs for added convenience! Located in Stonecrest Village, which is minutes away from downtown San Diego, the beaches, Mission Valley shops and restaurants. Lots of light from the oversized windows. Includes membership to a state of the art resort like clubhouse featuring private reception facility, junior Olympic pool, spa, lighted tennis courts, tot-lot, private park, picnic areas, full gym, media room with library, 2nd pool facility also with spa, greenbelts and trails for walking, jogging, biking and much, much more.
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.
