Welcome to 220 Shetland Hills West, a beautifully upgraded home on a premium private lot in the highly desirable Horse Creek Ridge community. Tucked away on a quiet double cul-de-sac, this 4-bedroom, 3.5-bath residence offers the perfect blend of modern comfort, thoughtful design, and peaceful surroundings. The open-concept layout is ideal for both everyday living and entertaining, featuring a gourmet kitchen with upgraded stainless steel appliances, hood and range, quartz countertops, a large island, walk-in pantry, and a custom built-in buffet for added storage and style. An additional fireplace creates a warm, inviting atmosphere, while plantation shutters, Roman shades, and upgraded light fixtures elevate the home throughout. A main-level bedroom with en-suite bath is perfect for guests or multi-generational living. Upstairs, the spacious primary suite offers a spa-inspired bath with dual sinks and a walk-in closet, along with two additional bedrooms, a full bath, and a versatile loft. Step outside to a spacious backyard with mature trees, a built-in BBQ, and stylish pavers—perfect for entertaining or relaxing. With no rear neighbors and serene views of a nature reserve, this home offers a rare sense of privacy. Additional highlights include paid solar, a whole house fan, smart home WiFi features, and a three-car garage with ample storage. Ideally located near the Monserate hiking trail, scenic walking paths, and multiple parks and playgrounds, this home truly has it all. Welcome to 220 Shetland Hills West, a beautifully upgraded home on a premium private lot in the highly desirable Horse Creek Ridge community. Tucked away on a quiet double cul-de-sac, this 4-bedroom, 3.5-bath residence offers the perfect blend of modern comfort, thoughtful design, and peaceful surroundings. The open-concept layout is ideal for both everyday living and entertaining, featuring a gourmet kitchen with upgraded stainless steel appliances, hood and range, quartz countertops, a large island, walk-in pantry, and a custom built-in buffet for added storage and style. An additional fireplace creates a warm, inviting atmosphere, while plantation shutters, Roman shades, and upgraded light fixtures elevate the home throughout. A main-level bedroom with en-suite bath is perfect for guests or multi-generational living. Upstairs, the spacious primary suite offers a spa-inspired bath with dual sinks and a walk-in closet, along with two additional bedrooms, a full bath, and a versatile loft. Step outside to a spacious backyard with mature trees, a built-in BBQ, and stylish pavers—perfect for entertaining or relaxing. With no rear neighbors and serene views of a nature reserve, this home offers a rare sense of privacy. Additional highlights include paid solar, a whole house fan, smart home WiFi features, and a three-car garage with ample storage. Ideally located near the Monserate hiking trail, scenic walking paths, and multiple parks and playgrounds, this home truly has it all. The Promontory at Horse Creek Ridge offers exceptional amenities including a resort-style clubhouse, sparkling pools, relaxing spas, playgrounds, and beautifully maintained parks. Ideally located just 35 minutes from Camp Pendleton, 20 minutes to Temecula wine country, and only 5 minutes to the 15 freeway, this home provides the perfect blend of convenience and tranquility. Discover a peaceful retreat with timeless style—schedule your private tour today.
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.
