26 Peony Way Trabuco Canyon, CA 92679
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About this home
Rarely does a home like this come along! An incredible opportunity for qualified buyers to possibly assume the seller’s 2.5% VA loan, a rare find in today’s market! Perfectly positioned at the end of a quiet cul-de-sac in the prestigious guard-gated community of Coto de Caza’s Southern Hills Encore, this remodeled Lennar home offers unmatched privacy with no neighbor to the right or behind. The expansive 15,000+ sq ft lot and long driveway create your own private retreat, priced below most 5-bedroom homes in both home and lot size! Featuring 4 bedrooms plus an office (optional 5th), 4.5 baths, and a main-floor ensuite, this stunning floor plan showcases a dramatic rotunda foyer, soaring ceilings, and separate living and dining areas with peaceful garden and mountain views. The gourmet kitchen includes granite counters, large center island, menu desk, and amazing walk-in pantry, opening to a spacious family room with fireplace and custom built-ins. French doors lead to an entertainer’s backyard with built-in BBQ, fountain, and room for a pool. The grand primary suite offers a cozy fireplace retreat, balcony with views, dual walk-in closets, and a spa-inspired bath. Enjoy the tranquility of this established neighborhood along with all the amenities Coto de Caza has to offer, including hiking trails, parks, equestrian facilities, and optional membership to the Coto Golf and Racquet Club. Homes of this caliber, especially those that rarely become available. Just minutes from the Oso Gate. This is the one you’ve been waiting for! Don't wait, this one wont last long! DM me for a private showing.
Source: CRMLS #OC25239875
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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.