VETERANS MAY POTENTIALLY QUALIFY FOR THE VA ASSUMABLE LOAN WITH 2.9% INTEREST RATE SAVING THOUSANDS! Welcome to Your Private Mountain-View Retreat in Temecula!Nestled at the end of a quiet cul-de-sac, this charming single-story gem offers the perfect blend of modern luxury and peaceful living. From the moment you step inside, you’ll be greeted by soaring high ceilings and an airy, open floor plan that flows seamlessly from room to room.At the heart of the home is a gourmet chef’s kitchen, fully upgraded with rich dark wood cabinetry, sleek granite countertops, and a custom tile backsplash. Whether you're hosting a dinner party or enjoying a quiet morning, the inviting living room fireplace provides the perfect cozy backdrop.The primary suite is a true sanctuary, featuring a spacious walk-in closet and private new vinyl sliding door access to the side yard. The en-suite bathroom boasts a new large, modern walk-in shower enclosure for a spa-like experience. Step outside through the new vinyl sliding glass doors to find a blank canvas to create your very-own dream backyard with ample space for a pool or whatever your heart desires! A covered patio provides shade in the warm summers and overlooks the backyard with stunning mountain views, perfect for sunset relaxation or weekend BBQs. Turn-Key & Move-In Ready! Seller recently extended concrete driveway to accommodate additional parking in the driveway, upgraded kitchen, completely updated bathrooms, led lighting throughout, custom paint, tile wood-like flooring and new vinyl windows and shades throughout! Indoor laundry has its own room near the bedrooms. This beautiful home is located in a highly desired community with no HOA and across the street from the exclusive Wolf Creek Community. Minutes away from award-winning schools, premier shopping, the historic charm of Old Town Temecula, Pechanga Casino, and easy freeway access. Don’t miss your chance to own this beautiful home in one of Temecula’s most desirable locations! Driven Real Estate does not guarantee the accuracy of the square footage, lot size, or other information concerning the conditions or features of the property provided by the sellers or obtained from Public Records or other sources. The buyer with their agent(s) is advised to independently verify the accuracy of all information.
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.
