Stunning Temeku Hills Home in the Masters Community. Welcome to your dream home in the prestigious Masters Community of Temeku Hills, nestled in beautiful Temecula, California. This meticulously designed home offers luxury, comfort, and endless opportunities for entertaining. You Will Love the Spacious Living. This expansive home boasts 5 bedrooms, 4 bathrooms, and stretches across 3,557 square feet of elegant living space. Prime Location situated on a 16,000+ square foot lot at the end of a cul-de-sac, this home offers privacy, peace, and stunning views of the Legends Golf Course. Conveniently located near the renowned Temecula Wine Country, Old Town Temecula, award-winning schools, and major freeways, this is a community where convenience meets luxury. Backyard Oasis, step into your own private retreat with a sparkling pool complete with three waterfalls, a pool slide, and integrated jacuzzi. Host unforgettable gatherings with a cement cabana featuring a BBQ, fridge, and fire pit, all surrounded by mature palm trees and lush landscaping. Multi-colored pool lights transform the evenings into a tranquil paradise. Chef’s Dream Kitchen designed for culinary enthusiasts, the massive kitchen features a large island with built-in lighting and storage, top-tier steel appliances, a wine fridge, an upgraded stove, and a pantry. Thoughtfully crafted for Chef Timothy Ralphs, this kitchen is ready to inspire your inner gourmet. Expansive Living Spaces to the open-concept living room and dining areas, complete with cozy fireplaces and large windows, create a warm and inviting atmosphere. A huge family room with a gas fireplace offers the perfect space to relax with your loved ones. Luxurious Master Suite with enormous master bedroom includes two walk-in closets, an upgraded shower, and a soaking tub for a spa-like escape. Additional Features:3-car garage with treated flooring, RV parking, Separate laundry room with sink, Downstairs bedroom/office space for convenience, Updated flooring and plenty of natural light with multiple sliders and windows to showcase your serene backyard, A Golfer’s and Host’s Paradise,Living in Temeku Hills means peace, privacy, and breathtaking views of the Legends Golf Course. Whether you’re a golfer, a wine enthusiast, or someone who loves to entertain, this home provides the perfect setting. Don't miss your chance to own this one-of-a-kind property. Schedule a tour today and start turning your dream lifestyle into reality.
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.
