1413 W 10th St, Merced, CA 95341
2 beds · 1 baths · 851 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Don’t wait—this is the one you’ve been searching for! This move-in-ready gem is perfect for a starting family or a savvy investor looking for incredible potential. Featuring 2 spacious bedrooms, 1 beautifully updated bathroom, newer flooring, and fresh interior paint, this cozy home is bathed in natural light from the moment you step inside. The conveniently located laundry room near the kitchen adds practicality, while the oversized backyard offers endless possibilities—entertain family and friends, add an ADU with alley access, or park your RV! Ideally located close to schools, shopping centers, just a few blocks from a park, and with easy freeway access, this home offers both comfort and convenience. Situated on a generous 7,500 sq. ft. lot with a side driveway and 2-car carport, this home is packed with features and won’t last long. Act fast before it’s gone!
Source: CRMLS #MC25066956
Source: CRMLS #MC25066956
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.