Welcome home to this stunning former model residence located in the highly desirable gated community of Roripaugh Ranch in Temecula. Thoughtfully designed with a fabulous, flowing floor plan and beautiful finishes throughout, this home offers comfort, functionality, and effortless style — truly a place where you can unpack and immediately feel at home. The main level features a spacious chef’s kitchen that opens seamlessly to the oversized family room, creating an ideal setting for everyday living and entertaining. A nearby dining area easily accommodates large gatherings, while the optional fifth bedroom—currently utilized as a private office—includes custom built-ins and is complemented by a conveniently located powder room. Upstairs, you’ll find four generously sized secondary bedrooms, each featuring its own walk-in closet, along with a versatile 19x15 loft perfect for a media room, play space, or additional lounge area. The upstairs bathroom offers dual vanities, and the full-size laundry room includes a sink for added convenience. The expansive primary suite is a true retreat, complete with a spa-inspired bathroom and multiple walk-in closets, providing a peaceful end to your day. Step outside to a beautifully landscaped backyard with no rear neighbors, where mature landscaping creates privacy and a serene backdrop to enjoy Temecula’s incredible weather. Outdoor features include a built-in BBQ, portable spa, and a fire pit—perfect for evenings spent under the stars. Additional highlights include a 3-car tandem garage with Tesla car charger and a recently installed oversized solar system that covers all energy usage for one low monthly charge, offering exceptional efficiency and long-term savings. Located within the highly acclaimed Temecula Valley Unified School District, Roripaugh Ranch offers resort-style amenities including a grand clubhouse, 24/7 fitness center, pool, spa, tennis, pickleball, and basketball courts, expansive central park, and private walking trails. Come experience the lifestyle, comfort, and value this exceptional home provides—this is Temecula living at its finest.
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.
