Stunning Lennar pool home in the highly sought after Rancho Belago, Via Verde Community. This grand residence has been completely re-imagined for modern living while still honoring its roots from top to bottom! Spanning 3,398 square footage to suit your large family's lifestyle needs. From the moment you walk in through the grand foyer you'll capture the essence of luxury, warmth and sophistication with soaring ceilings, and open staircase. Be inspired to dream and create healthy and delicious meals like a chef in your own heart of the home's massive kitchen, enjoying multiple people while prepping, cooking, and chatting simultaneously without bumping into each other! Featuring ample cabinets and drawers making it possible for you to effortlessly organize and dedicate specific zones to hide the junk and say goodbye to digging through cluttered spaces! Brand new beautiful stainless steel appliances and a striking quartz stone waterfall island that seamlessly cascades to the floor, all together working with you and not against you for daily comfort. This home also perfectly accommodates multi-generational living, aging in place, or a secluded home office downstairs. Upstairs you'll benefit from having a huge master-bedroom and bath with a separate tub and shower and walk-in closets, an open loft that can easily be converted to any space of your choice, along with all other bedrooms and baths on the same floor giving parents peace of mind, making it easy to check on your kids. Outside fall in love with the ambiance of a resort like yard and relax or cool off by the pool, patio, and lush green lawn. Enjoy the 3 car garage to eliminate driveway congestion and dedicated RV area for your toys! The neighborhood offers mountain views and pristine surroundings, a LOW HOA, a skip and a hop away from Kaiser hospital, Lake Perris, Moreno Valley College; minutes from March Air-force base, shopping stores, and access to the CA-60-, I-215, and I-10 FWYS. Make this home your pride of ownership! Pics coming soon!
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.
