16951 Satsuma Ave Riverside, CA 92503
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About this home
Welcome to 16951 Satsuma Avenue, a stunning hillside retreat in Riverside offering sweeping panoramic views and exceptional indoor-outdoor living. This beautifully designed home showcases incredible curb appeal with a spacious front porch and manicured landscaping, all set against the backdrop of breathtaking vistas. Inside, the home welcomes you with an airy open floor plan, abundant natural light, and elegant finishes. The living room features high ceilings and expansive windows framing the views, while the gourmet kitchen offers granite countertops, stainless steel appliances, a large center island, and ample cabinetry. A formal dining area and comfortable family spaces make this home ideal for both entertaining and everyday living. The layout includes a highly desirable downstairs bedroom and full bathroom, perfect for guests or multi-generational living. Upstairs, the primary suite is a private sanctuary with a spa-like bathroom and a balcony where you can take in the stunning mountain and city light views. Secondary bedrooms are generously sized with flexible options for family, office, or hobbies. Step outside to your entertainer’s paradise—complete with an expansive patio, an outdoor fireplace for cozy evenings, and multiple seating areas where you can enjoy the “killer view.” The backyard seamlessly blends comfort and natural beauty, offering the perfect setting for gatherings or quiet relaxation. Additional highlights include a spacious three-car garage, a well-appointed entry foyer, and a prime location near schools, shopping, and commuter routes—while still providing the privacy and tranquility of hillside living.
Source: CRMLS #IV25234307
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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.