Welcome to 1429 Camino Sueno, a stunning single-story residence nestled in the highly sought-after 55+ Del Webb community in Hemet, California. This beautifully designed home offers approximately 2,796 sq ft of thoughtfully planned living space with three spacious bedrooms and three full bathrooms, perfect for comfortable everyday living and hosting guests. The open and inviting floor plan is bathed in natural light, centered around a chef’s kitchen featuring granite countertops, upgraded maple cabinetry with pull-outs, stainless steel appliances, and a convenient walk-in pantry ideal for culinary enthusiasts. The adjoining dining and living areas provide a seamless flow, creating a warm and welcoming space for entertaining or relaxing. Each bedroom is paired with its own full bath, offering privacy and flexibility for visiting family or multi-use space. The owner’s suite boasts a spa-inspired bath with dual vanities and a generous walk-in closet. Additional highlights include a built-in office/workspace, a separate laundry room, and a two-car attached garage. Outside, enjoy a low-maintenance backyard perfect for gardening, gatherings, or simply soaking in the beautiful Southern California weather. Residents of Del Webb enjoy access to resort-style amenities, including pools, fitness center, clubhouse, walking trails, and a vibrant calendar of social activities all within a gated, active adult community that’s designed for comfort, connection, and leisure. Don’t miss the opportunity to call this exceptional property home where style, function, and community living come together in one perfect package. Info deemed reliable but not guaranteed. Buyer/agent to verify all details and conduct due diligence.
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.
