Welcome to this beautifully maintained TURN-KEY home, perfectly positioned at the end of a quiet cul-de-sac on a large corner lot with an extended driveway! Offering 4 bedrooms, 3 full bathrooms, and approx. 2,884 sq. ft., this property blends thoughtful upgrades with an ideal floorplan. Expansive walkway leads you to a cozy front porch. Beautifully landscaped front yard offers lush landscaping on tons of opportunity to add additional outdoor seating. Step inside the grand entry features modern tile flooring and showcases a stunning staircase that sets an impressive tone. Just off the foyer is a convenient main-floor bedroom and full bath, ideal for guests or multi-generational living. The Great Room is designed for both comfort and style. The dreamy kitchen features upgraded white cabinetry, granite countertops, stainless steel appliances, and an extended showstopper island with pendant lighting and abundant seating. Builder-upgraded cabinetry continues along the wall, offering additional storage and countertop. The dining area flows seamlessly into the spacious family room, complete with a ceiling fan and flexible layout options. You will love the built-in media cabinet featured in this lovely family room. Upstairs, the generous Primary Suite w/ retreat includes two walk-in closets, and the ensuite bath offers dual vanities, a deep soaking tub, and a walk-in shower. Down the hall are two additional large bedrooms, a full bathroom, a laundry room with built-in storage. The large loft is ideal for a playroom, media space, remote workspace, or second living area. Step outside through the massive stackable sliding glass doors that fully open! Inviting California Room, featuring a covered patio with ceiling fan and recessed lighting—perfect for outdoor dining and year-round enjoyment. The backyard includes an area with water-saving turf grass with garden curb for all your favorite plants. The spacious side yard adds even more usable outdoor space. Notable features, warm paint colors, ceiling fans throughout, LVP flooring, OWNED SOLAR panels, prewire for EV charging in 3 car tandem garage, large and private lot, freshly painted kitchen cabinets, smart home features, and so much more! Located within the boundaries of the new Liberty High School and the K-8 Harvest Hill STEAM Academy. Spencer’s Crossing offers resort-style amenities including 3 pools, a tot pool, spa, parks, trails, and more—all within walking distance. Just minutes from Temecula Wine Country!
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.
