275 Mahogany St Hemet, CA 92543
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About this home
A Rare Single-Story Gem with Endless Possibilities Nestled on nearly half an acre in the desirable McSweeny Farms community, this expansive single-story ranch-style residence is designed for both comfortable living and impressive entertaining. As you enter through the gated front courtyard, you’re greeted by a private patio oasis that serves as the gateway to a versatile detached Casita. Spanning approximately 450 square feet, this self-contained unit offers studio-style living with a Murphy bed, private bath, walk-in closet, and a flexible living/sleeping area—ideal for multi-generational living, guest accommodations, a home office, or potential rental income. Across the courtyard, the main residence welcomes you with warmth and functionality. Inside, you’ll find 3 bedrooms and 2.5 bathrooms, along with a spacious family room centered around a cozy fireplace—perfect for relaxed evenings or social gatherings. The heart of the home is a chef’s kitchen, showcasing double center islands, a breakfast bar, stainless steel gas cooktop, dual ovens, an abundance of cabinetry, and a sunny breakfast nook. For more formal occasions, the property also features a dedicated living and/or dining space, a large built-in desk area ideal for remote work or homework stations, and an indoor laundry room for added convenience. Step into the backyard and discover your private outdoor retreat—offering ample room for gardening, play, and entertainment. Highlights include: Permitted 20' x 40' Detached Workshop with electricity and water 20' x 40' In-Ground Bogner Pool—a true resort-style feature Automatic Gated RV Parking Pad with poured concrete—ideal for recreational vehicles Three-Car Split Garage providing ample space for storage and parking Energy-conscious buyers will appreciate the leased solar panels (approximately $120/month) and the exceptional peace of mind offered by the 22KW Generac whole-house backup generator, powered by natural gas and designed to keep the home running seamlessly during outages. Beyond the home itself, life at McSweeny Farms offers unmatched amenities. The community’s impressive 18,000 sq ft Farm House recreation center features: Resort-style pool and spa Fitness center and basketball court Outdoor amphitheater Meeting rooms and multipurpose lounges Full-service kitchen, BBQ plaza, and more Residents also enjoy 24/7 security patrol, scenic biking and horse trails, pickleball courts, picnic areas.
Source: CRMLS #SW25221589
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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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