Better than brand new—practically just built! Welcome to 26459 Wreath Court, a beautifully turnkey home in the heart of Menifee, one of Southern California’s fastest-growing cities. Situated on not only a cul-de-sac, but on a premium corner lot with minimal neighboring properties, this home offers enhanced privacy, additional outdoor space, and a more open, airy feel— rare and highly desirable features! Featuring 3 bedrooms, 2 bathrooms, plus a versatile den/bonus room that can EASILY be converted and serve as a fourth bedroom, home office, or flex space—perfect for growing households. Step inside to an open-concept layout filled with natural light, soaring ceilings, and warm-toned vinyl flooring complemented by neutral designer touches and finishes throughout. An extra-wide hallway welcomes you in, setting the tone for the home’s spacious and inviting design. The chef’s kitchen is the heart of the home, showcasing quartz countertops, a farmhouse sink, stainless steel appliances, abundant cabinetry, ample pantry space, and a massive center island with bar seating. It flows seamlessly into the dining and living areas, creating an ideal space for both everyday living and entertaining. Additional highlights include a dedicated indoor laundry room, Wi-Fi smart thermostat, energy star home and a 2-car garage that you MUST SEE, offering excellent storage and functionality. Step outside to your private, newly landscaped backyard retreat, thoughtfully designed for both relaxation and entertaining. Enjoy BRAND NEW low-maintenance turf, clean walkways, floating concrete pavers and planter beds ready for a garden or fruit trees. The standout feature is a massive covered patio structure with recessed, lighting and not one but THREE smart ceiling fans with WiFi/Bluetooth enabled capability, perfect for year-round enjoyment. A designer/modern gated side yard/dog run and vinyl fencing add both versatility and privacy. Ideally located near parks, schools, shopping, and major commuter routes, this home is just minutes from the Menifee Town Center, Temecula Wine Country, and conveniently positioned between the 15 and 215 freeways. Move-in ready and designed for modern living—this is a home you don’t want to miss!
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.
