28475 Nautical Point Cir Menifee, CA 92585
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About this home
28475 Nautical Point Cir, Menifee, CA 92585 – Welcome to this spacious home in the desirable Waterford neighborhood of the Heritage Lake community. Built in 2009, this 5-bedroom, 3.5-bathroom residence offers 3,574 sq. ft. of living space on a generous 12,196 sq. ft. lot. (buyer to verify). Inside, you’ll find a functional floor plan with rich hardwood flooring, a gourmet kitchen featuring granite countertops, stainless steel appliances, dual ovens, and abundant cabinetry. The first floor includes a bedroom and full bath—ideal for guests or multi-generational living. Upstairs, the primary suite offers a large walk-in closet and spa-inspired bath. The home requires some TLC, presenting an excellent opportunity for buyers to add personal touches and increase value. A rare 4-car tandem garage provides ample parking and storage. Outside, the backyard is a blank canvas to create your own private paradise. Heritage Lake residents enjoy resort-style amenities: a Jr. Olympic-sized pool, splash park, 25-acre lake with catch-and-release fishing and paddleboats, playgrounds, and miles of scenic walking trails. Located near shopping, dining, schools, and freeway access, 28475 Nautical Point Cir offers the perfect blend of potential, community, and convenience. Don’t miss this chance to make it yours—schedule a showing today!
Source: CRMLS #PW25220453
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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.