Perched atop a scenic hill in the heart of Temecula Wine Country, this beautifully remodeled estate offers over five acres of privacy, breathtaking panoramic views, and the perfect blend of luxury and country living. Completely remodeled in 2023, the home features four spacious bedrooms, two bathrooms, and a large bonus room that offers flexibility for a game room, media space, or spacious office. The open-concept living area is light-filled and designed to capture spectacular views of Lake Skinner and the surrounding mountain ranges—snow-capped in the winter and glowing with vibrant sunsets year-round. The gourmet kitchen is the heart of the home, showcasing stainless steel appliances, a large granite island ideal for gathering and entertaining, and a generous walk-in pantry. The spa-inspired primary suite offers a tranquil retreat with panoramic views and direct access to a private patio—perfect for morning coffee or unwinding under the evening sky. Outside, the fenced, low-maintenance backyard provides the ideal space for BBQs and outdoor entertaining while enjoying the peaceful surroundings. Set on over five acres, the property offers exceptional privacy and ample usable land with plenty of flat space for RV parking, horses, additional structures, or a future ADU. From the hilltop setting you can watch colorful hot air balloons drift across the Temecula sky, creating a truly magical atmosphere. Located just minutes from award-winning wineries, top-rated schools, excellent restaurants, Pechanga Resort Casino, and the charm of Old Town Temecula, this property combines convenience with the tranquility of wine country living. With no HOA and low taxes, this exceptional estate is perfect as a full-time residence, private retreat, or investment opportunity. The home has also operated as a successful short-term rental, offering excellent income potential. Experience Wine Country living at its finest!
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.
