27727 Hollyoak Way Menifee, CA 92585
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About this home
Welcome to 27727 Hollyoak Way, a stunning 4 bedroom single-story home in Menifee, CA which offers almost 2,000 sq ft of beautifully updated living space and enjoys a desirable private yard with picturesque views. The spacious layout featuring tall 9 foot ceilings & recessed lighting seamlessly connects the large living and kitchen areas. Enjoy the modern aesthetic and easy maintenance of LVP plank flooring in bedrooms and stylish tile throughout the home. The well-appointed kitchen features desirable upgrades including granite countertops, a large island, stainless steel appliances, and ample cabinetry for storage. A large primary bedroom provides a tranquil retreat featuring a private en-suite bathroom and very generous walk in closet space. Three additional spacious bedrooms offer versatility for a growing family, guests, or a home office. Step outside to a private backyard oasis, perfect for relaxation and entertaining. The yard features a combination of concrete for entertaining areas, lush grass, and open orientation, creating a serene and functional space. Enjoy total privacy & the beauty of your surroundings with stunning views of the mountains from your private backyard with no home behind! All this and close to parks, excellent schools, Menifee Global Hospital, restaurants & the 215 freeway for easy access to surrounding communities including San Diego beaches & local mountains.
Source: CRMLS #IG25189518
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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.