*Back On Market at No Fault To Seller Welcome home to 3470 Yellowstone Court, a Well appointed Single Story former model home that blends elegance and functionality in one of Perris most desirable neighborhoods. Offering exceptional curb appeal and an expansive open layout, this residence spans approximately 2,383 square feet and features Five bedrooms, Three full bathrooms, and a spacious Three Car Garage. *As a bonus, theres an Assumable VA Loan at 2.5% interest offering savings for qualified buyers. As you step inside, you are greeted by a wide and inviting entryway. At the front of the home, two generously sized bedrooms share a stylish full bathroom with a walk in shower, making this space ideal for guests, a private office, or multigenerational living. Continuing down the hall, the home opens into a stunning great room that seamlessly combines living and formal dining spaces, creating an ideal setting for both everyday comfort and entertaining. The kitchen is the heart of the home and a true chefs dream, featuring abundant cabinetry, stainless steel appliances, and a massive center island perfect for gathering and conversations over dinner. The open concept design allows the kitchen to flow effortlessly into the main living areas, enhancing both space and an abundance of natural light. Through the sliding glass doors, you will find a peaceful backyard retreat complete with dual custom Alumawood patio covers, an above ground Jacuzzi, and a unique custom pond that gently flows through the yard without obstruction. Mature fruit trees and lush foliage provide privacy and a tranquil atmosphere year round. Back inside, the expansive primary suite offers a true sanctuary with ample space, a custom walk in closet with built ins, and a well appointed ensuite bathroom featuring dual quartz vanities. Down the adjacent hallway are two additional generously sized bedrooms, a large laundry room with extensive cabinetry and linen storage, and a third full bathroom. Additional highlights include soaring nine foot ceilings, plantation shutters, a tasteful blend of tile and carpet throughout, and Solar Panels that enhance energy efficiency and keep utility costs low year round. Located in a sought after Perris community with No HOA and relatively Low property taxes, this home is conveniently close to shopping, schools, and major freeways. 3470 Yellowstone Court is an exceptional opportunity for individuals and families alike. Contact us today for more information
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.
