Welcome to 37656 Needlegrass Road, a home that simply feels right the moment you arrive. Nestled on a premium 10,450+ square foot corner lot in the highly sought-after Rancho Bella Vista community of Murrieta, this lovingly maintained Lennar-built gem offers approximately 2,409 square feet of beautifully appointed living space with 4 bedrooms, a loft, and 3 full bathrooms, striking the perfect balance between elegant design and relaxed everyday livability. Lush drought-tolerant landscaping and a commanding corner presence create the kind of curb appeal that makes you smile before you even reach the door, and once inside, soaring ceilings, floods of natural light, and an open-concept floor plan stretch warmly before you, ready for quiet evenings and lively celebrations alike. At the heart of it all is a gourmet kitchen featuring granite countertops, a matching granite backsplash, crisp white cabinetry, stainless steel appliances, a gas cooktop, double ovens, a generous island perfect for gathering, and a massive walk-in pantry, all flowing seamlessly into the family room and dining area with full views of the spectacular backyard. A cozy fireplace flanked by built-in bookshelves adds warmth and character to the living space. A main-level bedroom and full bathroom offer wonderful flexibility for guests or multigenerational living. Upstairs, a bright and airy loft is everyone's favorite place to unwind and can easily be converted into a fifth bedroom. The expansive primary suite is a true sanctuary overlooking the backyard, complete with a walk-in closet and a spa-inspired ensuite with dual vanities. Two additional well-sized bedrooms and an oversized laundry room with exceptional storage round out the upper level beautifully. Built smart for modern living, the home features solar, a tankless water heater, reverse osmosis filtration, CAT-5 wiring, keyless entry, and a two-car garage with EV charging capability. Step outside to one of the largest lots in the neighborhood, where custom hardscaping, three producing fruit trees, an alumawood patio cover, and breathtaking mountain views come together to create an outdoor escape you will never want to leave, with plenty of room to add a pool. With a low HOA, a community park and picnic area, and access to the award-winning Temecula Valley Unified School District with top-rated schools, this truly is the complete package. Homes here rarely come available, and once you visit, you will understand exactly why.
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.
