Welcome to this beautifully maintained 3 bedroom, 2.5 bathroom home located in a desirable gated Winchester community near Menifee, local wineries, schools, shopping, dining, parks, and major commuter routes. Built in 2018, this newer home offers approximately 1,925 square feet of living space with a smart, functional layout designed for modern living. Public records show the home as a 3 bedroom residence with approximately 1,925 square feet and a 2018 build year. Step inside to an open floor plan featuring granite countertops, stainless steel appliances, a spacious kitchen pantry, and a comfortable dining and living area that flows naturally to the private back patio. Whether hosting family, entertaining friends, or enjoying a quiet evening at home, this home offers the space and comfort buyers are looking for. Upstairs, you will find a versatile loft that can be used as a second living area, office, playroom, media space, or homework station. The large primary bedroom offers a peaceful retreat with a walk in closet and spacious en suite bathroom. The upstairs secondary bathroom includes double sinks, making daily routines easier for families or guests. The backyard patio provides a low maintenance outdoor space perfect for relaxing, barbecuing, or enjoying Southern California evenings. The home is ideally positioned near the community pool, spa, and tot lot, giving you resort style amenities just steps from your front door. The gated community adds comfort and privacy while still keeping you close to everything Winchester, French Valley, Menifee, and Temecula Valley have to offer. The location is a major highlight. You are close to schools, Stater Bros, Starbucks, restaurants, parks, and the growing retail and new construction expansion throughout the Menifee and Winchester corridor. Nearby areas continue to see strong new home development, adding to the area’s long term appeal and growth. Enjoy convenient access to Winchester Road, Domenigoni Parkway, Highway 79, I 215, and surrounding employment centers. Just a short drive to Temecula wine country, Menifee shopping, Murrieta, Lake Elsinore, & greater Southwest Riverside County. Looking for a newer home with a gated community feel, upstairs loft, walk in pantry, large primary suite, walk in closet, double sink bathroom, private patio, and amenities near the pool, spa, and tot lot, this is the one.
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.
