ENJOY SWEEPING TEMECULA MOUNTAIN VIEWS AND BREATHTAKING SUNSETS from this well-appointed Los Ranchitos custom estate! This five-bedroom Cape Cod–inspired residence offers SOLAR and sits on approximately 2.32 acres overlooking coveted South Temecula. A gated private drive leads to an elegant entry with a leaded-glass door, travertine flooring, soaring ceilings, plantation shutters, and thoughtful designer details throughout. The main-level primary suite enjoys its own private deck, a spacious walk-in closet, a jetted soaking tub, dual sinks with a vanity area, and generous linen storage. Two additional bedrooms offer en-suite bathrooms, while two more share a full bathroom with dual sinks and a walk-in shower. The home features a dedicated downstairs office and an expansive formal living room with a brick-accented fireplace, vaulted ceiling, and inviting window seats perfectly positioned to take in the breathtaking views or an afternoon read. The adjacent formal dining room enjoys spectacular views from oversized windows and is enhanced by a chandelier set within a ceiling medallion and framed by crown molding. The beautifully designed kitchen showcases granite counters, a hooded cooktop with tile backsplash, a pot filler, a trash compactor, stainless steel appliances, a GE Monogram built-in refrigerator, a bay window, a large built-in buffet with storage, and a charming breakfast nook. Overlooking the dining room is the warm and welcoming family room, complete with a second fireplace and two sets of double doors opening to a covered patio with a gas firepit, creating a seamless indoor-outdoor living experience! Just off the kitchen, the lower backyard hosts a built-in BBQ island with bar seating—ideal for effortless summer gatherings—while the expansive rear and side yards offer abundant space for a pool, sport court, barn, RV parking, or other custom amenities. With nearly 3,800 square feet of living space, this home offers comfort, versatility, and room for multi-generational living. Located in the prestigious Los Ranchitos community—known for its horse trails, custom estates, and unbeatable proximity to Temecula’s dining, shopping, award-winning schools, wineries, and entertainment—this exceptional slice of Southern California is one you won’t want to miss. Schedule your private tour today.
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.
