Discover exceptional Temecula living at 40265 Paseo Sereno, a meticulously maintained single-story 4-bedroom home in the exclusive Meadowview community. Meadowview is a true lifestyle enclave—not just a neighborhood. Established in 1969 and spanning over 1,175 acres with roughly 380 acres of pristine open meadows and miles of scenic trails for hiking, biking, and horseback riding, this private, secure community offers rare serenity and privacy right in the heart of Temecula. Larger custom lots, rolling hill views, and peaceful surroundings create a hidden oasis of high-end country elegance, all while being conveniently close to world-class wineries, shopping, dining, freeways, and top-rated schools. Properties here rarely come to market for good reason. This corner lot sits at the top of a quiet cul-de-sac on over half an acre of fully usable, beautifully landscaped land. A MUST see separate lower lot with its OWN street entry is already groomed like a private garden-party or winery venue, complete with water and power ready for your vision. Easily transform it into an ADU, RV parking oasis, sparkling pool, tennis/pickleball court, or custom outdoor retreat—the possibilities are endless, making this one of the most flexible and valuable properties in the community. Inside, enjoy an inviting open floor plan perfect for everyday living and entertaining. The spacious master bedroom serves as a luxurious retreat, complemented by three additional generously sized bedrooms. Proud, meticulous owners have invested in numerous upgrades: a stunning kitchen remodel, all new windows, a new water heater, elegant wood shutters, a custom gorgeous front door, and a remodeled three-car garage featuring a convenient roll-down screen door. Outside, extensive patios, lush landscaping, a new vinyl fence, and manicured grounds create a private royal oasis you'll never want to leave. Meadowview residents enjoy premium amenities including a clubhouse, two swimming pools (one heated year-round), spa, tennis and pickleball courts, basketball courts, tot lot, picnic areas, and full equestrian facilities—all enhancing the peaceful, upscale lifestyle. Rarely does a property combine this level of privacy, versatility, pristine condition, and prime Meadowview location. Don’t miss this exceptional opportunity. Contact us today to schedule your private showing and experience the Meadowview lifestyle for yourself.
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.
