Welcome to 36696 Pavic Court, a stunning residence nestled in the heart of Lake Elsinore’s most sought-after community, Canyon Hills. Perfectly positioned at the end of a quiet cul-de-sac, this exceptional home sits on a premium lot with no rear neighbors, offering sweeping views of rolling hills, breathtaking sunsets, and a rare sense of peace and privacy. Spanning an impressive 3,721 square feet, this expansive home features 4 bedrooms, an office, 3 bathrooms, and a 3-car garage, thoughtfully designed for both everyday living and elegant entertaining. One of the most desirable highlights is the downstairs bedroom AND office with an adjacent full bathroom with a walk-in shower, ideal for multi-generational living, guests, or a private home office. From the moment you enter, you’re welcomed Fresh interior paint, by soaring ceilings, luxury vinyl plank flooring, 22-inch porcelain tile, and an open-concept layout filled with natural light that feels both grand and inviting. The gourmet kitchen serves as the heart of the home, showcasing granite countertops, an oversized island, stainless steel appliances, and abundant cabinetry, seamlessly flowing into the spacious living and dining areas. Large sliding doors open to the backyard, creating effortless indoor-outdoor living. Upstairs, the primary suite offers a true retreat with generous walk-in closets and a luxurious ensuite bath. Additional bedrooms are well-sized, while the expansive bonus loft is an entertainer’s dream, complete with a stylish wet bar featuring a mini refrigerator and microwave, making it ideal for a game room, media lounge, or secondary living space. Step outside to a beautifully designed backyard featuring a covered California Room with recessed lighting, perfect for entertaining or relaxing while enjoying unobstructed canyon views. Canyon Hills delivers an unmatched lifestyle with resort-style amenities, including multiple pools and spas, parks, sports courts, scenic trails, and a splash pad. The community also offers highly rated schools and convenient access to shopping centers and the 15 Freeway, making daily life effortless. As an added bonus, this home offers a rare VA assumable loan opportunity with an incredible 2.7% interest rate(inquire for details), providing significant long-term value. Homes offering this combination of size, privacy, views, amenities, and financing are few and far between. Contact us today for more details or to schedule your private showing
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.
