Nestled among the gently rolling foothills of Menifee, the beautiful Crescent Pointe community offers thoughtfully designed homes with quality craftsmanship and modern efficiency. Residents enjoy convenient access to nearby shopping, dining, and entertainment while enjoying the peace and scenery of this desirable neighborhood. This beautiful single-story home features 4 bedrooms and 2 bathrooms with an open layout, high ceilings, and upgraded luxury vinyl plank flooring throughout the main living areas. The kitchen is designed for both style and function, showcasing Crema Atlantico granite countertops, sleek 36-inch white cabinetry, a large center island, spacious pantry, and a full suite of Samsung appliances. Several bedrooms have been thoughtfully enhanced including newly installed ceiling lights with adjustable white to warm lighting tones, upgraded closet space, custom blinds, and even a built-in children’s chalkboard feature. Another bedroom has been transformed into a stylish office or flex space with beautiful custom wood barn doors, a custom wood-and-steel built-in desk, upgraded closet, and plantation shutters. The spacious primary suite offers a relaxing retreat with window blinds, a modern vanity light fixture, and a bathroom featuring an upgraded dual shower head and enhanced ventilation with an upgraded central exhaust fan system. Step outside to a truly impressive outdoor living space designed for both relaxation and entertaining. The backyard has been professionally landscaped with a large lawn area, full sprinkler and drip irrigation systems, and a spacious concrete patio. A stunning 90-foot garden wall finished in grey slate features color-changing accent lighting. The yard also includes a custom slatted pergola with adjustable open-and-close shutter roof, a dedicated concrete entertaining pad. The front yard provides exceptional curb appeal with an extended driveway, a custom concrete walkway with built-in running lights, decorative solar lamp posts, and custom columns. The walkway is wheelchair accessible and lined with beautiful rose bushes that create a welcoming entry. Additional features include Forever lighting installed along the eaves around entire home with convenient exterior outlets, whole-house soft water system, alkaline water filtration installed under the kitchen sink, and a tankless water heater. The garage offers excellent functionality with overhead storage, built-in shelving. More photos coming soon!
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.
