Discover the perfect blend of modern comfort and family functionality at Morningstar Ranch neighborhood—a spacious 4-bedroom, 4-bathroom haven spanning 2,946 square feet, tailored for families seeking a turnkey home with room to grow, work, and unwind. Imagine starting your day in the sun-drenched, open-concept living area, where a soaring 19-foot ceiling is complemented by a massive 72-inch ceiling fan for optimal airflow and energy efficiency, keeping your household cool and comfortable year-round. The gourmet kitchen features rich dark wood cabinetry, gleaming granite countertops, and a stylish glass tile backsplash, flowing seamlessly into the elegant dining room with real wood flooring—ideal for hosting family dinners. Downstairs, the 14x18 primary suite offers a private retreat with easy access. An additional flex room downstairs serves as a fifth bedroom or dedicated home office, featuring a shiplap accent wall for rustic sophistication. Upstairs provides spacious bedrooms for kids and guests, plus a loft for entertainment. For active families, the connected third-car garage has been masterfully converted into a fully equipped home gym: heavy bag, folding weight rack, over 400 lbs of weights, weight storage, bench, stall mats, and TV—all while retaining space to park a vehicle. Skip the gym commute and enjoy convenient at-home workouts that fit your schedule, promoting health and work-life balance without sacrificing storage or parking. Assumable loan solar panels power the home, delivering significant savings on electricity bills while harnessing clean energy and reducing your carbon footprint—a smart, eco-friendly investment. Step outside to your low-maintenance oasis: lush artificial turf in both front and rear yards ensures a perpetually green lawn without watering or mowing, saving time and costs for family adventures. The expansive 240-square-foot Trex front deck, framed by a majestic Canary Palm and a 23-foot decorative brick flower bed, creates inviting curb appeal and a serene spot for morning coffee or evening gatherings. The backyard offers a private escape for barbecues or playtime. Nestled in the family-friendly Temecula Valley Unified School District and steps from Brookfield Park for weekend outings and events, this home is just 12 minutes from renowned Temecula wine country. Indulge in over 40 vineyards and tasting rooms, lively festivals, or farm-to-table dining—perfect for romantic date nights or family excursions.
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.
