Highly sought after model, this Craftsman 3 home located on a cul-de-sac in Four Seasons Murrieta 55+ community. Boasting 2095 sq.ft. on a 5663 sq.ft. lot with a nicely landscaped rear yard that includes a covered patio. The tax records show it as 3-bedroom 2 bath home. One of the bedrooms is set up as an office and does not have a closet. The front bathroom has granite countertop, single sink and tub/shower enclosure. The front guest bedroom is open and airy with a large window facing the front yard and partially covered by a custom Canopy. The large kitchen has ample cabinets, granite countertops, refrigerator, dishwasher, gas stove/oven and microwave. Also features a large kitchen island that is granite top with cabinets below. The main living area is open and airy and has a gas fireplace. The formal dining room is large enough to handle all of your entertaining. The primary bedroom is spacious with dual closets. Large primary bath with double sinks, separate walk-in shower and large soaking tub. In addition, there is an indoor laundry room with electric washer and gas dryer hook-ups, luxury vinyl flooring and vertical blinds throughout, Solar System, and a whole house fan for keeping your home cool in the summer and warm in the winter. Four Seasons is an active 55+ community with a 10-acre facility that includes a large clubhouse which houses a ballroom, commercial kitchen, computer room, library, gym, workout room, sauna, billiard/card room and craft room. Outside you will find an Olympic size pool, jacuzzi, BBQ/picnic area, tennis courts, pickleball courts, shuffleboard, bocce ball, horseshoes, workout and lovely well landscaped grounds for summer events. Four Seasons Social Committee sponsors outdoor concerts along with bus trips, in house Comedians, Magicians, New Years Eve Parties and much more. There are over 40 clubs you can join if you so choose. The Four Seasons Active 55+ Community is a very friendly and enjoyable place to spend your latter years.
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.
