1137 Pamplona Dr Riverside, CA 92508
Your savings
About this home
***AMAZING NEW PRICE, PRICED TO SELL - TAKE ADVANTAGE NOW!!*** Welcome to Rancho Valencia! Don't miss out on this incredible opportunity to own this GORGEOUS home with FULLY OWNED SOLAR and a resort style back yard featuring a sparkling POOL AND SPA and more! As you approach, take notice of the mature landscaping with low maintenance drought resistant features and an extra wide driveway with RV parking and comfortably situated on just over 1/2 acres. As you enter the home, enjoy the private downstairs bedroom (perfect for guests or family), that also features an en-suite bathroom. Also enjoy the tastefully upgraded chef's kitchen featuring a center island with storage, plenty of cabinet and counter space, double oven, high BTU stove, a chef's variable speed hood, custom backsplash and more! The kitchen is also open to the family room with a warm and inviting fireplace, ceiling fan, and custom window treatments. There is also a formal dining space and living room. Upstairs, you will find the additional generously sized bedrooms, as well as the primary suite with en-suite full bathroom. Enjoy your own outdoor paradise with this entertainer's back yard featuring the refreshing pool and spa with pressure mounted safety gates, BBQ island, covered patio, plenty of grass, the list goes on!! Don't forget the downstairs laundry room, 3 car tandem garage, orange groves directly behind the house for added privacy as well as the gated community. Located close to highly desirable schools, freeways, shopping, parks, entertainment and SO MUCH MORE! Act now, before it's too late! ***This property currently has a VA loan (potential to assume at LOW INTEREST RATE) - see private remarks***
Source: CRMLS #IV25198842
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
FAQs
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.