2498 Rose Ave Hemet, CA 92545
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About this home
Experience the charm and comfort of this move-in-ready Hemet home, on a corner lot with an expansive side yard wide enough to accommodate an RV, boat, or trailer. The current owner used to have fruit trees, making it the perfect area for replanting fruit trees or a garden. Semi-private backyard with no neighbors behind. Covered patio for relaxing or entertaining. The vaulted ceiling in the living room gives it a spacious feel and provides direct access to the backyard. Dining area accented by natural light, overlooking the backyard, and plenty of room to gather with family and friends. Retreat to a generously sized primary bedroom featuring large closets, a ceiling fan, and direct access to the backyard patio. The en suite bath boasts a double vanity, a soaking tub, and a step-in shower. Enjoy the convenience of an indoor laundry room and a two-car garage for added storage space. Walking distance to Mary Henley Park around the corner. Located on the west side of Hemet, close to schools, restaurants, and shopping. Don't miss the opportunity to tour 2498 Rose Avenue—schedule your private showing today and picture yourself enjoying all that this welcoming home has to offer!
Source: CRMLS #ND25258115
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Close stress-free in 45 days, handled start to finish by Roam.
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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.