Welcome to your dream home—where comfort, functionality, and resort-style living come together seamlessly. This beautifully upgraded residence offers four spacious bedrooms and three well-appointed bathrooms (1 bedroom and full bath on main level) complemented by a grand stair case, soaring ceilings and plantation shutters throughout and sitauted on the South side of Perris near the Menifee/Perris border with no rear neighbors! Designed with both everyday living and entertaining in mind, the open-concept layout features a large kitchen island perfect for meal prep, casual dining, and gathering with family and friends. Main level also features a formal dining room, spacious living room and multiple flexible living spaces—including a playroom, dedicated home office and a spacious loft upstairs—provide endless opportunities to fit your lifestyle. The primary suite is a true retreat, complete with dual walk-in closets and ample space to unwind and spacious walk-in shower. Additional highlights include a formal dining room, ceiling fans, recessed lighting, and two newer A/C units for year-round comfort. Energy efficiency meets modern convenience with fully paid solar panels and an EV charger— helping keep costs lower. The three-car garage offers plenty of storage and with no HOA, you’ll enjoy the freedom to truly make this home your own. Step outside to your private backyard oasis. The saltwater pool and spa feature a stunning waterfall and waterslide, creating the ultimate setting for relaxation and fun. An outdoor kitchen makes entertaining effortless adds even more enjoyment for family and guests. Filled with natural light and thoughtfully designed throughout, this home offers the perfect blend of luxury and livability. Located near schools, shopping and easy freeway access. Don’t miss your opportunity to own this exceptional property—schedule your private showing today and experience it for yourself. Located within walking distance to new Granite Hills K-8 school with Dual Language Immersion Program, close to freeway access, train station for city commuters and shopping.
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.
