1483 Albillo Loop Perris, CA 92571
Your savings
About this home
Welcome to the great Villages of Avalon! The beautiful, functional and low maintenance landscaping is already done for you to save a fortune! That's a huge benefit of buying a pre-owned home. Sellers are the original owners and the home was pampered. The house is absolutely beautiful, extremely clean and TURN-KEY, you will feel the pride of ownership in this home. Sellers recently installed ceiling fans throughout the house, new AC unit and water heater. Another great upgrade is that all windows have window films to protect the interior from harmful UV lights and summer heat. There is a custom built-in BBQ with natural gas so no need to get a propane tank when your friends come over to relax and it's under the solid patio cover so you can enjoy outdoor dining and morning coffee even on a rainy day! The backyard has beautiful stamped concrete and very low-maintenance landscaping with easy to maintain plants and a nice shade-tree. The home offers an easy to flow open floor plan with a comfortable size kitchen and dining area; tile flooring in the kitchen and dining area, wood plank flooring on the Living room floor and large neutral colored tiles in the hallways for easy cleaning and maintenance. The front porch has a custom iron gate to enclose the front for privacy and security. There is a 1/2 bath by the front entrance. There are 3 bedrooms upstairs with 2 full bathrooms and the laundry unit for convenience. The HOA offers amenities with low fees which include the community park, sparkling pool & spa, club house and picnic area with sports court. The sellers had never had any pets. Lake Perris is only a few minutes away for fun outdoor activities like hiking, camping, boating and fishing and more! The city is still developing with more stores and restaurants and still developing new homes nearby, Freeways and Metrolink are close by for commuting to larger cities.
Source: CRMLS #IV25243005
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.