A Spanish-style facade welcomes you into Aura at Westridge, a gated community designed for comfort, light, and connection. Built by award-winning Pardee Homes, this residence showcases what is arguably one of the best floor plans in the neighborhood. The arched entry opens to rich oak flooring that flows throughout the main level. Just off the entry is a versatile main-floor bedroom or office, a bathroom, and a convenient coat closet—ideal for guests or a home office. The heart of the home is the expansive great room, seamlessly connected to the kitchen and dining area and filled with natural light. The gourmet kitchen is thoughtfully appointed with maple cabinetry, granite countertops, a six-inch backsplash, stainless steel appliances, recessed lighting, USB charging ports, a hidden waste drawer, and a Delta pull-out faucet. A large stainless steel sink and a generous (7) seven-foot center island—perfect for gathering and entertaining—complete the space. A pantry adds extra storage, while the open layout provides wide views throughout the living areas. Upstairs, textured carpet in a calming linen tone runs throughout the second floor. The hallway leads to a laundry room, three secondary bedrooms, and a full bathroom. The private primary suite is designed for relaxation and easily accommodates a large bed and furniture. The spa-inspired bath features quartz countertops, dual vanities, custom maple cabinetry, a frameless glass shower enclosure, and a soaking tub, along with two spacious walk-in closets. The backyard offers a low-maintenance retreat with a concrete patio, turf lawn, and river rock accents. Paid-off solar enhances the home’s energy efficiency, along with attic insulation, low-VOC paint, Delta WaterSense faucets, 15-SEER air conditioning, Low-E windows, and a tankless water heater. Community amenities include a beach-entry pool, children’s pool, jacuzzi spa, basketball court, playground, shade structures, barbecue area, fire pit, and private restrooms. Enjoy proximity to several highly rated dining options in Downtown Lake Elsinore. Aura at Westridge is where comfort, efficiency, and community come together. (4) Four bedrooms upstairs plus the downstairs office set up as a 5th bedroom. We also have an electric car charger in the garage.
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.
