***Charming Single-Story Pool Home in East Hemet*** Nestled in a quiet cul-de-sac within a well-established neighborhood, this hard-to-find, single-story home offers the perfect blend of comfort, style, and functionality. Situated on a spacious, pie-shaped lot, this property is a true entertainer's dream. The expansive backyard features a large in-ground pool, an above-ground spa, and multiple outdoor living areas. Enjoy year-round relaxation with a solid wood patio by the pool and a covered porch, ideal for unwinding after a long day. Inside, the home has been thoughtfully upgraded with high-quality finishes. The kitchen boasts stunning granite countertops, stainless steel appliances, and plenty of space for meal prep and entertaining. The adjacent dining area and family room with a cozy fireplace and custom surround create a welcoming space for gatherings. The family room also includes a ceiling fan for added comfort and flows seamlessly to the porch. The home features newer plush carpeting in the living room, hallways, and master bedroom, while the master bathroom showcases stylish vinyl plank flooring. Recent updates new dual-pane windows and sliding doors, a new electric water heater, and an upgraded electrical panel. The massive backyard is perfect for kids to play and offers endless possibilities for additional outdoor living space or storage. A built-in storage area off the back of the house is ideal for pool and lawn equipment or could be transformed into an indoor-outdoor retreat. Energy efficiency is a key feature of this home, with foam insulation in the walls, newer dual-pane windows, and a solar system complete with a backup battery. For added convenience, there’s even a car charging plug. No HOA and very low taxes add to the appeal of this home, which is conveniently located just steps from the new Hemet Dual Language Academy and minutes from local shopping, parks, and entertainment. Don't miss the opportunity to own this one-of-a-kind property!
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.
