BACK ON THE MARKET!!! Nestled inside the highly sought-after exclusive gated community of The Lakes, this beautifully upgraded home offers the perfect blend of modern elegance, comfort, and resort-style amenities. Step inside to find an open-concept floor plan designed for both daily living and entertaining. The gourmet kitchen features granite countertops, a huge center island, stainless steel appliances, and an abundance of cabinetry—perfect for gathering with family and friends. The hardwood floors downstairs add warmth and sophistication, while plush carpeting upstairs ensures comfort in the private living spaces. With 5 spacious bedrooms, plus a downstairs office, there’s room for everyone. The home offers 2 full bathrooms upstairs and a convenient half bath downstairs, making it as functional as it is stylish. Outside, the sellers spared no expense—investing over $50,000 in backyard upgrades. Enjoy year-round outdoor living with low-maintenance artificial turf and AlumaWood patio covers, creating a private oasis ideal for relaxing evenings or weekend gatherings. Living here means more than just owning a home—it’s a lifestyle. The Lakes is a spectacular gated neighborhood featuring three scenic lakes, neighborhood parks, and miles of walking trails. Residents enjoy access to kayaking, boating, and fishing, plus The Bay Club, a 20,000 sq. ft. facility offering: Two swimming pools, waterslides, spa & fitness center, Outdoor grill/patio with fireplace, Event center, reading room, and Wi-Fi lounge. The Menifee Unified School District serves the community with nearby Southshore Elementary, Bell Mountain Middle, and Heritage High. Higher education is also within reach at Mt. San Jacinto College. Convenience is just minutes away—Menifee Countryside Marketplace offers Super Target, Lowe’s, Best Buy, Red Robin, In-N-Out, and Starbucks. For golf enthusiasts, the Menifee Lakes Country Club features two Ted Robinson-designed courses, lush fairways, and affordable dining. 29106 Hidden Meadow Dr is more than a home—it’s a lifestyle upgrade. Don’t miss the chance to live in one of Menifee’s most desirable gated communities. Call today to schedule your private tour!
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.
