Welcome to 40340 Sandia Creek Drive, a timeless Victorian-style estate tucked within the prestigious DeLuz community, where Fallbrook’s lush countryside meets Temecula’s Deluz-country charm. Resting on 6.5 private, usable acres, this residence blends classic architecture, modern updates, and breathtaking mountain views. A long tree-lined driveway leads to the storybook façade—complete with a wraparound screened porch, vaulted peaks, and a brick chimney rising above manicured landscaping and white fencing. Step inside to find crown molding, tall ceilings, and a grand staircase with a whimsical Harry Potter closet beneath. Formal living and dining rooms glow under sparkling chandeliers, while expansive windows fill the home with natural light. The chef’s kitchen impresses with white cabinetry, new appliances, a prep sink, and a breakfast nook overlooking rolling hills. Two inviting living areas feature brick fireplaces, ceiling fans, and open flow for effortless entertaining. Downstairs also hosts a guest suite with ensuite bath for ultimate convenience. Upstairs, the primary retreat offers panoramic views, dual vanities, a walk-in closet, and a spacious layout that radiates tranquility. Two additional bedrooms share a Jack-and-Jill bath, while a fourth bedroom offers versatility for guests, office, or studio. Above the three-car garage, discover a 510 sq ft guest apartment—complete with full bath, sink, microwave, ceiling fans, and a private view deck—perfect for extended family, guests, or an independent workspace. Outdoors, enjoy peaceful mornings or golden-hour gatherings from the screened wraparound porch, brick patio, or outdoor kitchen with grill, fridge, prep sink, and Alumawood cover. Beyond the immediate yard lies expansive, usable land—a rare find in DeLuz. Ideal for future development, the property offers flat and gently sloped areas perfect for a guest house, RV garage, sport court, pool, vineyard, or hobby farm. The land also features graded walking trails and a variety of fruit trees—apple, pear, plum, lemon, orange, and kumquat—adding to its serene countryside charm. With owned solar, ample parking, and proximity to Old Town Temecula, wineries, and freeway access, this property delivers the perfect blend of privacy, elegance, and convenience. 40340 Sandia Creek Drive captures the essence of Southern California living—timeless, tranquil, and truly extraordinary.
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.
