27872 Almont Way Menifee, CA 92585
Your savings
About this home
$15,000 Grant Available for Qualified Buyers – Don't Miss This Opportunity!! **Seller dropped price for a fast sale!**Welcome to your dream home in McCall Canyon Community! This stunning four-bedroom, two-bathroom residence is nestled in a quiet neighborhood, just a stone's throw away from essential medical facility. Step inside to discover an inviting open floor plan, featuring bright airy kitchen cabinetry, a center island and seamless access to the family room. The family room is perfect for entertaining, boasting surround sound and a cozy fireplace that adds warmth and charm. The spacious master suite is a true retreat, complete a luxurious master bathroom and a generous walk-in closet. Formal dining room and living room are combined and great areas to host your gatherings. You'll find a built-in desk in hallway, ideal for working from home or studying. 4th Bedroom currently used as office, but can be a man cave, a gym or craft room. Outside, the expansive backyard offers plenty of space for relaxation, making it perfect for gatherings or quiet evenings. Solar system in place, you can enjoy the lower utility bill and while benefiting from a very low HOA Newer Air Conditioner/Heating System. Walk to community park. Close to fwy, schools, medical facility and shopping. See you in escrow!
Source: CRMLS #CV25140644
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.