Welcome Home, to 38430 Magdalena Street, a beautifully maintained Solar Powered home in the highly sought-after Rancho Bella Vista community, where pride of ownership is immediately evident the moment you step inside. This stunning, two-story residence has been meticulously cared for and thoughtfully upgraded, offering the perfect blend of comfort, style, privacy, and functionality. Featuring upgraded wood laminate & luxury vinyl plank flooring throughout, along with fresh interior paint, the home delivers a clean, modern, move-in-ready feel. The kitchen and bathrooms feature elegant granite countertops and stainless steel appliances, while a brand-new water heater adds peace of mind. Upstairs, a recently enclosed bonus room showcases custom sliding barn doors and gorgeous reclaimed wood paneling, creating a versatile space ideal for a home office, media room, or additional living area or 4th bedroom. Step outside to enjoy an extended concrete patio and beautifully designed low-maintenance backyard, complete with artificial turf and brand-new vinyl fencing—perfect for entertaining or relaxing in your own private retreat. With no rear neighbors(due to the preserve land behind the home), you’ll enjoy added forever-privacy, along with breathtaking panoramic views of multiple mountain ranges from the second story. And yes, get ready to sip your coffee and watch those Hot Air Balloons fly almost every single morning. Inside, the granite-covered fireplace creates a cozy centerpiece for the dining room, while the new QuietCool whole-house fan keeps the home comfortable year-round for pennies on the dollar. Additional upgrades include a Ring security system, a wireless Nest thermostat, and a newer Bluetooth-enabled garage door opener - bringing convenience and smart living together seamlessly. Located within the award-winning Temecula Valley Unified School District & offering low HOA fees & low property taxes, this home is ideally situated near top-rated schools, shopping, parks, and convenient commuter access. Energy efficiency shines with a Solar Power Purchase Agreement through Vivint, offering low-cost electricity at just $0.17/kWh—easily transferable to the next lucky homeowner. Rancho Bella Vista continues to stand out as one of Murrieta’s most desirable communities, known for its welcoming, family-friendly atmosphere. Don’t miss your opportunity to own this exceptional home - call us today for more details, or to schedule your private tour today.
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.
