This is your opportunity to come home to this charming gem located in the desirable Vineyard Knolls community of Murrieta. This 1,553 sq ft home on a 6,969 sq ft lot features 2 bedrooms(Easily converted to 3), 2 bathrooms, a spacious upstairs loft, and a 2-car attached garage — with the potential to easily convert to a 3-bedroom layout, as originally offered by the builder and seen in similar homes in the neighborhood. Walking in, you are welcomed by a bright and open living space that seamlessly connects the main living and dining areas. The layout is thoughtfully designed with all bedrooms conveniently located downstairs, offering comfort and privacy, while the upstairs loft provides the perfect space for a home office, media room, additional lounge area — or an easy opportunity to convert into a third bedroom if desired. The living room features a cozy fireplace, ideal for relaxing evenings, and flows naturally into the kitchen and dining space — creating a comfortable setting for both everyday living and entertaining. The primary suite is privately situated downstairs and includes its own bathroom along with a sliding glass door that leads directly to the backyard — perfect for enjoying your morning coffee or winding down in the evening. The secondary bedroom is generously sized and ideal for guests or family. Step outside to enjoy your backyard patio — ready for weekend BBQs, gatherings, or simply relaxing outdoors. The 6,969 sq ft lot offers space and potential to make it your own. Enjoy peace of mind with a newer HVAC system and dual-pane windows, both less than 2 years old — offering improved energy efficiency and year-round comfort. Vineyard Knolls Owners Association offers low HOA dues of only $103 per month. Location couldn’t be better! Situated in Murrieta and conveniently close to shopping, dining, schools, and freeway access for commuters. Don’t wait — homes with flexible floorplans like this don’t come around often. Book your private showing 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.
