Welcome to 29387 Rockview Ct in the highly sought-after Audie Murphy Ranch master-planned community of Menifee. This well-maintained home offers versatile living spaces, modern upgrades, and energy-efficient features throughout. The main residence features an open and functional floor plan with spacious living areas, a half bath on the main level for guests, and an upstairs loft that provides flexible space for a home office, media room, or additional living area. The primary suite features dual his and hers walk in closets and a spacious bathroom, while the additional bedrooms provide comfortable space for family or guests. A standout feature of this property is the attached private casita with its own separate entrance, living room, bedroom, kitchenette area, laundry space, and full bathroom, offering excellent flexibility for multigenerational living, extended guests, or workspace needs. System upgrades include dual air conditioning units, tankless water heater, whole-home water filtration system, automated window blinds, and smart home technology with an app-based hub controlling multiple functions throughout the home. Energy efficiency is enhanced by an installed solar power system, and an electric vehicle charger adds everyday convenience. The property includes a 3-car tandem pull-through garage providing flexible parking, storage, or workshop options, along with two additional driveway parking spaces. The backyard is designed for outdoor living and entertaining, featuring a built-in propane BBQ island with sink, running water, mini refrigerator, ample seating areas and an integrated fire feature. The yard offers generous usable space with room for a future pool or additional outdoor enhancements Residents enjoy access to resort-style amenities including pools, sports parks, playgrounds, walking and biking trails, and community recreation facilities, with convenient proximity to shopping, dining, schools, and major commuter routes.
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.
