25916 Alamo Ct Menifee, CA 92584
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About this home
Incredible single story Menifee family home with Next Gen Suite located in the highly desirable community of Audie Murphy. 2,504 sf 4 bedroom 3 bathroom Spanish style California ranch with a 3 car tadem garage and freshly landscaped front yard with great curb appeal to set the stage for the "like-new" home. This model is one of the most sought after models in Audie Murphy, with the open floor plan, guest mother in-law suite, great room and grand kitchen offering 12' ceilings, finished in fresh paint, and brand new neutral laminate flooring throughout. The large kitchen has an abundance of cabinetry, granite counters, large walk-in pantry, large center island, dark cherry cabinets, and stainless appliances. The island offers central bar seating adjacent to the dining area, and shares the main space with the large and open living room laid out in true great-room form. The guest suite has its own kitchenette, living room/bonus area, and full bath on its own wing of the home. The oversized primary bedroom is privately to the rear corner with lots of natural lighting and connected primary bathroom, offering a walk-in shower, soaker tub, dual sink vanity, and not one but 2 separate walk-in closets. To the rear of the home, the comfortable and shaded rear yard has a California room style patio cover with plenty of space and a larger side yard great for a dog run or other usable space. One option for this area could be to separate the guest suite access from the main home, making it it's own ADU and create its own yard space as an ADU WITH ITS OWN YARD. Located walking distance from the elementary school, Audie Murphy Sports park, blocks from restaurants, shops and the new town square and just minutes from main freeways for communing in all directions. This is a very clean, turnkey residence updated with modern style and finishes and is move in ready that you will not want to miss!
Source: CRMLS #SW25235669
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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.
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