GORGEOUS REMODELED SINGLE STORY 3 BEDROOMS & 2 BATHS HOME ON OVER AN ACRE LOT!!! SO MANY UPGRADES AND UPDATES INCLUDING. NEW remodeled Kitchen, New upgraded Bathrooms, NEW appliances, NEW interior and exterior paint, NEW luxury vinyl plank flooring, NEW lighting inside and out. All bedrooms with celing fans and so many more updates you need to see to believe. This gorgeously remodeled home nestled in a sought-after Hemet neighborhood!!! This beautiful single story 3 bed 2 baths home offers 1576 sq ft of upgraded living space on over an acre of usable flat land. Immediately greeted by the grand entrance, the home is bright and inviting with elegant refinement and new flooring throughout. The spacious media room is perfect for entertaining or relaxing and features a large beautiful fireplace on the Family room. The offset kitchen boasts new white cabinets with black hardware the perfect contrasting for elegance, plenty countertop space to cook those delicious meals, new recess lighting on the kitchen and family room. The formal dining room boos a beutiful black chandelier and a slidding door to small court yard space. The Gorgeous view from the backyard over the rocky Hills. The primary suite has plenty of closet space. The en-suite bathroom is beutiful with the upgraded shower that comes from the ceiling. All bedrooms are bright and spacious. Step outside to your backyard oasis boasting plenty of room for outdoor entertaining, low maintenance landscaping, multiple eating areas, fruit trees. This home is the perfect balance of elegance and relaxation. Located near schools, highways, and shopping. You don’t want to miss out on this amazing home! Oh did I mentioned that this Home comes with fully paid off Solar panels.
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.
