Welcome to this beautifully upgraded two-story home located in the highly sought-after community of Audie Murphy Ranch in Menifee. Offering approximately 3,100 square feet of living space, this 5-bedroom, 3-bathroom residence features owned solar, a pool-sized lot, and a custom built-in spool—perfect for relaxing or entertaining. Upon entry, you are greeted by soaring ceilings, abundant natural light, fresh interior paint, custom tile flooring, and upgraded baseboards throughout. The main level includes a spacious bedroom and full bathroom with a walk-in shower, ideal for guests or multigenerational living. The open-concept floor plan centers around a modern kitchen equipped with quartz countertops, dark cabinetry, stainless steel appliances, a large island with bar seating, and an expansive walk-in pantry. The kitchen flows seamlessly into the great room, creating an ideal space for gatherings. Convenient access to the three-car garage adds everyday functionality. Upstairs, you’ll find a versatile loft, a well-appointed laundry room with storage and utility sink, and a secondary bathroom featuring dual vanities and a shower/tub combination. The three additional bedrooms are generously sized, each offering brand-new carpet and walk-in closets. The primary suite is a true retreat, complete with new carpet, a ceiling fan, and scenic mountain views. The ensuite bathroom features a soaking tub, separate walk-in shower, dual vanities, and a spacious walk-in closet. Step outside to an entertainer’s backyard designed for both comfort and functionality. Enjoy the California room, low-maintenance turf, dog run, and pre-plumbing for a future built-in BBQ. The highlight is the oversized custom spool with a water feature, offering the perfect blend of spa and pool. Residents of Audie Murphy Ranch enjoy resort-style amenities including pools, spa, sports courts, clubhouse, and a skate park. Conveniently located near top-rated schools, shopping, dining, and easy access to the 15 and 215 freeways.
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.
