Welcome to this stunning Mediterranean-style home located in the highly sought-after Volterra community of Tuscany Hills. Offering over 2,300 sq. ft. of beautifully designed living space, this exceptional Lake Elsinore residence combines luxury, comfort, and functionality with breathtaking views and an ideal family-friendly floor plan. From the moment you arrive, you'll appreciate the impressive curb appeal featuring mature palm trees, low-maintenance landscaping, an extended driveway, and a private gated courtyard accented by stamped concrete walkways and a stacked-stone entry. Inside, a light-filled floor plan showcases tile and wood flooring, fresh baseboards, neutral paint, dual-pane windows, recessed lighting, and attractive architectural details throughout. The formal living and dining rooms provide the perfect setting for entertaining family and friends. The gourmet kitchen is the heart of the home, featuring abundant oak cabinetry, black granite countertops and backsplash, stainless steel appliances, a large center island with pendant lighting, and a sunny breakfast nook with mountain views. The kitchen opens seamlessly to the spacious family room with a cozy fireplace and direct backyard access, creating an ideal indoor-outdoor lifestyle. A highly desirable downstairs bedroom and fully renovated bathroom offer flexibility for multigenerational living, guests, or a home office. The laundry room includes a washer and dryer and provides direct access to the oversized three-car garage. Upstairs, elegant hardwood stairs lead to two generously sized secondary bedrooms with ceiling fans and abundant natural light. They share a beautifully remodeled Jack-and-Jill bathroom featuring tile flooring, dual shaker-style vanities, and a subway-tiled tub/shower combination. One secondary bedroom features French doors opening to a private balcony overlooking the neighborhood. The spacious primary suite serves as a private retreat, complete with French door access to a large balcony showcasing panoramic views of Canyon Lake and the surrounding hills. The ensuite bathroom features dual vanities, a soaking tub, walk-in shower, private water closet, and an oversized walk-in closet. Ideally located near schools, shopping, dining, parks, hiking and biking trails, lakes, and Tuscany Hills' resort-style amenities. Convenient access to the I-15, 74 and I-215 for your traveling needs. This move-in-ready home offers the perfect blend of luxury, comfort, views, and location.
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.
