Welcome to this beautifully upgraded newer-construction home in the highly desirable Colt Ridge community of Hemet. Built in 2023, this spacious two-story residence offers approximately 2,712 square feet of thoughtfully designed living space with 4 bedrooms, 3 full bathrooms, a versatile upstairs loft, and a rare 3-car attached garage. Exceptional curb appeal begins with the extended concrete driveway, inviting front porch, modern exterior design, and low-maintenance landscaping. Inside, you’ll find an open-concept floor plan filled with natural light, upgraded vinyl flooring, recessed lighting, designer fixtures, ceiling fans, and energy-efficient features throughout. The expansive Great Room flows seamlessly into the chef-inspired kitchen featuring white shaker cabinetry, granite countertops, stainless steel appliances, a large center island with bar seating, abundant storage, and an oversized walk-in pantry; perfect for entertaining and everyday living. Sliding glass doors open to a beautifully finished backyard complete with a covered California-style patio, upgraded outdoor lighting and ceiling fans, generous concrete hardscape, and premium artificial turf for easy maintenance year-round. The highly functional floor plan includes a desirable downstairs bedroom and full bathroom, ideal for guests, multi-generational living, or a private home office. Upstairs, the spacious primary suite offers a luxurious ensuite bath, dual vanities, walk-in closet, and plenty of privacy. Two additional secondary bedrooms, a full bath, an oversized loft, and an upstairs laundry room complete the second level. Additional upgrades include: Tesla EV charging station in the garage, Energy-efficient leased solar system, Whole-home water softener and filtration system. Tankless water heater, Dual-pane windows and energy-saving features, Attached 3-car garage with direct access, Modern smart-home style conveniences. Residents of Colt Ridge enjoy resort-style HOA amenities including a community pool, spa, BBQ areas, parks, and walking paths. Conveniently located near Diamond Valley Lake, Soboba Casino Resort, shopping centers, restaurants, schools, and commuter routes. This move-in ready home combines modern comfort, energy efficiency, and flexible living space; an exceptional opportunity you won’t want to miss.
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.
