Welcome to Provence, one of Murrieta’s most desirable Communities, offering the rare combination of SUPER LOW TAXES, NO HOA, and RV access. This 4 bedroom 2.5 bathroom beautifully maintained home combines comfort, functionality, and pride of ownership while being conveniently located near award-winning Murrieta schools, shopping, dining, medical facilities, walking trails, parks, and Temecula Wine Country. Upon arrival, you will immediately appreciate the attractive curb appeal featuring a beautifully manicured front yard and a spacious side yard with plenty of room for an RV, boat, trailer, or additional recreational toys. Step inside and be welcomed by soaring vaulted ceilings and an abundance of natural light that create an open and inviting atmosphere. The spacious living room features beautiful Pergo flooring and tiled flooring in entry and into the kitchen and family room areas. Newer windows and sliding glass doors throughout the home provide energy efficiency while allowing natural light to fill every room. The family room is warm and inviting with a cozy fireplace, making it the perfect place to gather with family and friends. The kitchen offers ample cabinet storage, tiled countertops, stainless steel appliances, and a convenient dining area ideal for everyday meals and entertaining. A sliding glass door off the kitchen leads to a beautifully landscaped backyard with patio cover where you can relax and enjoy peaceful views. With no rear neighbors, wrought iron fencing showcasing nature views, and vinyl fencing on the sides, the backyard offers privacy and beauty. The laundry area is conveniently located in its own private space just off the kitchen with direct access to the garage. A half bathroom downstairs provides added convenience for guests. Upstairs, gorgeous wood flooring extends throughout the staircase, hallway, and bedrooms. The spacious primary suite features its own balcony deck, dual sinks, and an updated ensuite bathroom with a shower/tub combination. Three additional bedrooms are generously sized, while the hallway bathroom features dual sinks and a shower/tub combination. Combining RV access, no rear neighbors, newer windows and sliders, low taxes, no HOA, and an outstanding location close to everything Murrieta has to offer, this home presents an exceptional opportunity. Don’t miss your chance to own this wonderful home in the highly sought-after Provence Community.
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.
