***CUL-DE-SAC POOL + SPA HOME WITH NO REAR NEIGHBORS IN REDHAWK + GREAT OAK SCHOOL BOUNDARIES*** Welcome Home! Lush landscaping, quiet streets, a strong sense of community, and a backyard you’ll actually use set the tone from the start! Step inside to vaulted ceilings and a bright formal living & dining area that flows into the kitchen. Positioned at the heart of the home, the kitchen offers white cabinetry, ample storage and opens to the family room- creating a layout that fits the way you actually live and entertain! Laminate flooring runs throughout the main level and is complemented by wainscoting accents. A powder room and laundry room are conveniently located downstairs. Upstairs, the primary suite feels tucked away and private, with french doors leading to a balcony overlooking the backyard- a quiet spot to start or end your day. The en-suite bathroom features travertine flooring, dual sinks with a dedicated vanity space, a soaking tub, separate shower, and a walk-in closet with plenty of storage. Three additional generously sized bedrooms and a secondary bathroom with dual sinks, updated finishes, and bamboo flooring. Out back, the space opens up in all the right ways! The POOL & SPA are surrounded by multiple areas to lounge or gather, while a grassy section offers room for play, pets, or both. With no rear neighbors, you’ll enjoy a level of privacy that’s hard to come by. From your backyard, enjoy seasonal fireworks lighting up the sky- adding a little extra magic to evenings at home! The major items have already been taken care of for you: NEW HVAC system, NEW water heater, NEW pool pump, and NEW vinyl fencing- giving you peace of mind! Located within an award-winning school district and just minutes from the 15 freeway, Pechanga Resort Casino, shopping, dining, Temecula Valley Wine Country, and Old Town Temecula, you’re right where you want to be! Set in an established neighborhood known for its strong community feel, this is your opportunity to be part of Redhawk living!
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.
