Location, views, a private oasis, low HOA, owned solar, say no more, this is the one you’ve been waiting for! Welcome home to Waterton Ct, a stunning 4-bedroom, 3 bath pool home with just under 2300 sqft of living space on a cul-de-sac in the highly desirable community of Rancho Bella Vista, in Murrieta. As you enter the property you are greeted by LVP floors, high baseboards, new interior neutral paint, LED recessed lighting, full security system and plantation shutters throughout. The sought after floor plan boasts a formal dining room or living room, which is the perfect flex space with endless options. The Great Room is appointed with a fireplace, built-in entertainment area and large windows allowing tons of natural light to flood the home. A cozy eating nook flows into the gourmet kitchen offering granite counters, eat up island, stainless steel appliances including a double oven, large basin sink and tons of storage. The main floor features a large bedroom with gorgeous views and detached bath boasting tile floors and a walk-in shower that is just off the entrance to the two-car garage that is appointed with epoxy floors, a new tankless water heater and overhead storage racks. The second story boasts a custom stair gate by Dad the Builder, LVP floors, a small loft, two secondary bedrooms, with one featuring a wood accent wall. They share a secondary bath boasting tile floors, a tub shower combo and dual vanity with quartz counters. The spacious laundry room offers ample storage. The primary suite is generously sized with soaring mountain views and a large attached en-suite that is currently being used as an office but could be the perfect sitting area or close it off, add a closet and it's the perfect 5th bedroom. The primary bath features tile floors, a soaking tub, standing shower and large walk-in closet. Your private oasis features a large aluma wood patio cover with ceiling fans, real lush grass, palm trees, roses and a chlorinated pool and spa that overlooks the city to the mountains. The home is walking distance to the highly sought after Bella Vista Middle School and Alamos Elementary school and is part of the Temecula Valley Unified school district. The community features parks, sports courts, hiking and biking trails with easy access to horse amenities for equestrian enthusiasts and just minutes to the Temecula wineries, Promenade mall, and the 15 freeway. This is one you don’t want to miss!
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.
