Beautiful Home in the Highly Desirable Rancho Bella Vista Community! If you’re looking to downsize or searching for the perfect starter home, this beautifully maintained single-story residence is sure to impress. Offering 3Bed, 2Ba, and approx 1,672 sq ft of living space, this popular Lennar Alicante floor plan is truly one of the nicest and best-kept homes in the neighborhood. From the moment you arrive, you’ll appreciate the exceptional curb appeal featuring fresh green grass, mature palms, colorful Birds of Paradise, & manicured hedges. A concrete walkway leads to a private gated courtyard, the perfect spot to enjoy morning coffee. Step inside to discover tall ceilings and a welcoming living room complete with custom built-in shelving & a built-in desk. Stylish wood-look tile flooring runs throughout the home, providing durability, easy maintenance, and a cool, modern feel. Plantation shutters accent the front bedroom, while the secondary bedroom offers a fun and colorful design. The guest bath features a tub/shower combination, custom wood-framed mirror, and decorative shelving. A separate indoor laundry room with built-in cabinetry adds storage. The heart of the home is the spacious open-concept kitchen, dining area, and family room—ideal for entertaining and everyday living. The gorgeous kitchen showcases granite countertops, rich cabinetry, and a large center island, while the family room features custom built-in cabinets and shelves flanking the gas fireplace. Privately situated on the southeast side of the home, the primary suite serves as a peaceful retreat with a custom wood-planked accent wall and stylish lighting. The en-suite bathroom offers dual sinks, a soaking tub, separate walk-in shower, private water closet, and a generous walk-in closet. Step outside to a beautifully finished, low-maintenance backyard featuring an Alumawood patio cover with two ceiling fans, artificial turf, decorative concrete curbing, and mature palm trees. This yard is perfect for relaxing, entertaining, and for kids and pets to play. There is a 2-Car garage with overhead storage. Additional highlights include leased solar through SPRUCE POWER (transfers to buyer) a home automation system, and an outstanding location within walking distance of Honey Pine Park. This home falls in the award-winning Temecula Valley USD area. This exceptional home combines comfort, style, & pride of ownership in one package.***ASK ABOUT THE ASSUMABLE FHA LOAN***
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.
