Welcome to Menifee Hills—where space, upgrades, and flexibility come together in one beautifully designed cul-de-sac home. Situated at the end of a quiet cul-de-sac, this beautifully upgraded 3 bedroom, 3 bathroom + office home offers approximately 2,030 sqft of living space with a highly desirable, open-concept floor plan that lives larger than expected. Enjoy added privacy, reduced traffic, and a safer space for kids and pets to play. Need more bedrooms? The dedicated office can easily function as a 4th bedroom, and the spacious primary retreat offers potential for a 5th bedroom conversion—ideal for multigenerational living, remote work, or growing families. The gourmet island kitchen is the heart of the home, featuring stainless steel appliances, beautiful cabinetry, a breakfast bar for casual dining, and a generous walk-in pantry. It opens to a giant living room —creating the perfect space for entertaining or relaxing at the end of the day. The private primary suite offers a large walk-in closet, dual sinks, an oversized soaking tub, and a separate walk-in shower. Additional highlights include laminate wood flooring, granite counters, raised panel doors, recessed lighting, custom window coverings, and an indoor laundry room. Step outside to a spacious backyard with zero maintenance artificial turf, room to run and play, and plenty of space to design your dream pool or outdoor kitchen. The oversized 3-car garage comfortably accommodates any size vehicle with extra storage space. Located near community parks, walking trails, shopping, schools, Menifee Lakes Country Club, golf course, and convenient freeway access—this home combines comfort, flexibility, and location. End-of-cul-de-sac privacy. Flexible living space. Thoughtful upgrades. Prime Menifee 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.
