Back on Market! No fault of seller or home! Don't miss out on this beautiful home! Welcome to Laurel Creek where comfort, style, and value come together in one exceptional home. Tucked inside a serene, gated community in the heart of Temecula, this beautifully upgraded residence blends modern living with peace of mind. From the moment you arrive, the lush green lawn, mature landscaping, and warm exterior lighting set the stage for a home that feels both inviting and refined. Step inside to discover a bright, open floor plan that effortlessly connects the living room and kitchenperfect for entertaining or relaxed family living. The upgraded gray quartz countertops, designer lighting, cozy gas fireplace, and soaring ceilings create a stylish and welcoming atmosphere. Need extra space? The permitted enclosed Sun Room/ Patio Enclosure provides versatilityideal for a home office, game room, gym, or sun-drenched retreat. Upstairs, youll find three comfortable bedrooms, two full bathrooms, and a convenient upstairs laundry room. This home is fully equipped with top-tier upgrades for comfort, efficiency, and healthy living: AC Pro 80% Two-Stage Variable Furnace (installed in 2023) for consistent climate control. Water Heater (installed in 2021) for reliable hot water efficiency. Aquasure Water Softener System and Whole-House Water Filtration System for superior water quality. Eight upgraded Milgard dual-pane windows for energy savings and noise reduction. WellAir Plasma Air Advanced Air Cleaning System for continuous air purification. Low taxes and a low HOA make this home even more attractive. Conveniently located just minutes from Temeculas award-winning wineries, top-rated schools in the Temecula Valley Unified School District, and premier shopping and dining. Whether youre a first-time buyer, growing family, or looking to downsize without compromisethis home delivers every modern comfort and all the bells and whistles at an amazing price that youll love.
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.
