Live the Lifestyle You’ve Been Dreaming Of – in the Heart of Heritage Lakes, in Menifee! Tucked away at the end of a quiet cul-de-sac, this beautifully upgraded 4-bedroom, 3-bathroom home offers the perfect balance of luxury, comfort, and privacy in one of Menifee’s most sought-after communities. With a full bedroom and bath downstairs, this home is ideal for multi-gen living, guests, or that extra space you’ve been needing. From the moment you arrive, you’ll notice custom curb appeal—a warm and inviting tile-accented front porch with Spanish-inspired inlaid design welcomes you into a thoughtfully designed interior featuring custom upgrades and stylish accents throughout. Inside, you’ll find an open-concept layout with extra-wide hallways, A bright loft, perfect for game nights or movie marathons, A downstairs flex space—ideal for an office, music room, or formal sitting area, A dedicated office nook upstairs, A spacious upstairs laundry room with built-in storage and folding counter, and generously sized bedrooms for everyone. Your primary suite is a true retreat, tucked privately off its own hallway with dual walk-in closets, two separate vanities, soaking tub, step-in shower, and a private water closet. Step outside and fall in love with your private backyard oasis! Enjoy a covered patio (under the roofline) with built-in lighting and ceiling fan, plus a separate pergola for dining or lounging, and a play structure for endless family fun. The yard is fully enclosed with block wall privacy fencing, and best of all—no rear neighbors or neighbors on the left side! Additional highlights include: Fully paid-off solar system custom lighting and finishes throughout, an attached 2-car garage. This home and community are close to shopping, dining, and top rated schools—all within walking distance. Enjoy the scenic community with walking trails, Heritage Lake, parks, with many existing shopping, dining and entertainment amenities, plus exciting new amenities currently under construction. This is more than just a house—it’s a lifestyle upgrade. This home truly checks all the boxes—style, space, location, and upgrades. Don’t miss the chance to make it yours!
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.
