27507 Fallbrook Ct Corona, CA 92883
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About this home
Nestled in a peaceful cul-de-sac, this charming single-story residence offers 3 spacious bedrooms, 2 baths, and an open floor plan designed for comfort, style, and functionality. Natural light fills the living, dining, and family room areas, creating a warm and inviting atmosphere perfect for everyday living and entertaining. At the heart of the home is the beautifully updated kitchen, showcasing quartz countertops, a large center island, stainless steel appliances, and ample cabinetry. The primary suite offers a serene retreat with a walk-in closet and private access to the expansive backyard. Two additional bedrooms provide versatility for guests, family, or a home office. This energy-efficient property features solar panels to help reduce utility costs and support sustainable livingand best of all, it comes with a low-interest assumable loan, offering buyers an incredible opportunity for savings. The front yard boasts low-maintenance astroturf, while potential RV parking adds convenience and value. Step outside to your backyard havena huge lot awaiting your personal touch. Imagine a gazebo, garden retreat, outdoor kitchen, or play areathe possibilities are endless. Living in Horsethief Canyon means enjoying resort-style amenities, including 2 gated pools, a toddler pool, spa, clubhouse, fitness center, tennis courts, BBQ areas, playgrounds, and scenic hiking trails. Families will also appreciate the on-site elementary school just moments away. Perfectly located, this home offers easy access to Toms Farms, Glen Ivy Hot Springs, and The Shops at Dos Lagos, placing dining, shopping, and relaxation at your fingertips. Dont miss your chance to own this solar-powered gem with a rare assumable loan in one of Southern Californias most desirable communities. Your new homeand lifestyleawaits!
Source: SANDIEGO #PW25165959
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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.