Welcome to 24048 Cruise Circle Drive, a beautifully upgraded single-story home situated on one of Canyon Lake's most established streets. Offering 3 bedrooms, 2 bathrooms, RV parking, and 1,754 square feet of move-in ready living space, this home combines modern updates, generous living spaces, and the resort-style lifestyle Canyon Lake is known for. At the heart of the home is a spacious great room anchored by a floor-to-ceiling stone fireplace that adds warmth, character, and a true sense of home. Natural light pours through large windows, while updated flooring flows throughout the main living areas, creating a bright and inviting atmosphere. The remodeled kitchen features white shaker cabinetry, updated countertops, a classic subway tile backsplash, stainless steel appliances, and ample storage. Designed with both functionality and entertaining in mind, it opens seamlessly to the dining and living spaces for effortless everyday living. The oversized primary suite offers a private retreat with direct backyard access, while the secondary bedrooms provide flexibility for family, guests, or a home office. Updated bathrooms and thoughtful improvements throughout reflect the pride of ownership found in every corner of the home. Step outside to an elevated backyard setting with room to entertain, relax, and create your ideal outdoor space. Whether you envision a pool, outdoor kitchen, garden, or future view deck, the possibilities are endless. Enjoy peaceful hillside and neighborhood views while taking advantage of the privacy and space this lot provides. Additional features include RV parking, a fully enclosed patio offering flexible bonus space, and a whole-house water purification system that adds comfort and convenience to everyday living. Beyond the home, Canyon Lake offers a lifestyle unlike any other. Residents enjoy access to a private 384-acre lake with boating, waterskiing, fishing, paddleboarding, waterfront parks and beaches, pickleball and tennis courts, an 18-hole golf course, equestrian facilities, community pools, restaurants, year-round events, and golf-cart-friendly streets. Whether you're looking for your primary residence, a weekend retreat, or simply a better way of life, 24048 Cruise Circle Drive offers the opportunity to enjoy everything that makes Canyon Lake one of Southern California's most desirable gated communities.
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.
