Discover this exceptional 4-bedroom, 3-bath home situated on an 18-hole golf course, offering a gorgeous private swimming pool and spa, as well as panoramic San Jacinto and San Bernadino Mountain views. The expansive primary suite is thoughtfully separated from the other bedrooms and is just steps away from the pool, perfect for late-night swims. It includes a spacious walk-in closet and elegant French doors with built-in blinds. The remaining three bedrooms are nicely separated from the primary suite, with two additional bathrooms available for guests' convenience. All bedrooms have ceiling fans, and one bedroom is currently set up as a functional office space. The kitchen and laundry areas are strategically located near the garage, making it easy to transport groceries and supplies. The chef's kitchen is equipped with freshly painted cabinets featuring pull-out shelving for effortless access, classy granite countertops with a breakfast bar, and modern stainless-steel appliances, creating a sleek and efficient workspace. The spacious, open-concept living area is designed with two sets of French doors, each with built-in mini blinds, allowing for an abundance of natural light. These doors showcase views of the pool, golf course, and stunning mountains, enhancing the home's bright and airy ambiance. The dining area is conveniently positioned adjacent to both the living room and kitchen, making it ideal for entertaining and family gatherings. For more formal occasions, there is a dedicated dining room featuring a striking chandelier as well, there are plantation shutters, and neutral toned ceramic tile throughout the home. The property includes a highly functional two-car garage with extra space suitable for a workshop or office, as well as a useful pantry or storage area. Additionally, the home features leased solar panels ($257/mo.)32 in total which cover most of the electric bill. Mission Lakes HOA dues are $507 per month and include a variety of amenities: free golf for two deeded residents, access to pickleball and tennis courts, a heated clubhouse pool and hot tub, and a well-equipped exercise room. Homeowners become partial owners of the country club and elect the HOA to manage it and set policies. Each household is required to spend $480 per year (per household) on food at the fine dining San Jacinto Clubhouse Restaurant, with excellent lunch options available at the casual Sand Wedge next to the clubhouse pool. For visiting guests, there is an Inn adjacent to the clubhouse, where rooms by the pool can be rented for overflow visitors.
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.
