1118 Fox Field Ln Santa Maria, CA 93458
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About this home
Built in 2017, this beautifully designed home in the gated community of HG Gardens blends modern finishes with thoughtful functionality—perfect for multigenerational living or larger households. Unique to this development, this home enjoys extra privacy with no neighbors directly behind, and it backs up to a street that provides convenient guest parking and access to a pedestrian gate. Inside, the spacious floor plan features four bedrooms plus a loft/bonus room, including a convenient downstairs bedroom with walk-in closet and full bath. The open-concept main living area is light and bright with high ceilings, tall windows, and plenty of room to entertain—whether it’s a family BBQ or a quiet night in. The kitchen is a true centerpiece, complete with oversized custom cabinets, granite countertops, a center island with bar seating, and stainless appliances. A half bath is also located on the main level for guests. Upstairs, the loft works perfectly as a home office, play area, or media space. You’ll also find a dedicated laundry room and generously sized bedrooms. Throughout the home you’ll appreciate the tasteful custom paint and thoughtful design touches that make the home feel fresh and inviting. The backyard has been upgraded with concrete pavers for easy maintenance and entertaining, and also includes a fenced dog area. Additional highlights include an attached two-car garage, solar, tile roof, stucco and stone façade, dual-pane windows, tankless water heater, central heat, and recessed lighting. All within a secure gated community that offers two automatic entry and exit gates, a pool and spa, playground, and grassy pet area. With modest HOA fees ($160/mo) and a prime location close to schools, shopping, and commuter routes, this home is ready for your family to move right in and enjoy.
Source: CRMLS #NS25185864
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FAQs
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.
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