Rarely does a home offer this much flexibility, functionality, and opportunity all under one roof. Featuring 6 bedrooms, 4 bathrooms, generous living spaces, and a versatile bonus space, this beautifully maintained Murrieta home is designed to accommodate everything from multi-generational living to entertaining on a grand scale. Thoughtfully designed for both everyday living and hosting, the flexible floor plan features a downstairs bedroom and full bathroom, ideal for guests, extended family, or a private home office. At the heart of the home, you’ll find a generously sized kitchen with warm wood countertops, abundant cabinetry, and plenty of prep space for cooking and gathering. The thoughtfully designed floor plan offers comfortable gathering spaces for family and friends, while large windows fill the home with natural light and create a bright, welcoming atmosphere throughout. Upstairs, a versatile bonus loft provides the perfect space for a media room, playroom, home office, study area, or additional lounge. The upper level is highlighted by two full primary suites, each featuring its own private en-suite bathroom, a rare and highly desirable feature ideal for multi-generational living, live-in relatives, or extended guest stays. One primary suite serves as a relaxing owner’s retreat, while the second offers a comfortable and private space for family members or visitors. Additional spacious bedrooms provide room for a growing household, hobbies, fitness space, or remote work, making the layout as functional as it is flexible. Step outside to a backyard designed for enjoyment. The expansive outdoor space features a pergola-covered patio, creating the perfect setting for weekend barbecues, outdoor dining, or relaxing evenings with family and friends. The large backyard offers endless possibilities for gardening, play, entertaining, or future customization to fit your lifestyle. Additional highlights include a 3-car garage, ample storage throughout, and a prime location near top-rated Murrieta schools, parks, shopping, dining, and convenient access to both I-15 and I-215. Enjoy being just minutes from Promenade Temecula, local golf courses, wineries, and all that the Temecula Valley lifestyle has to offer. This is the perfect opportunity to enjoy the room you need, the flexibility you want, and the lifestyle you’ve been looking for.
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.
