29045 Botanical Cir Menifee, CA 92584
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About this home
Welcome to this one-of-a-kind single story home at the end of a cul de sac with amazing views and RV parking!! Beautifully upgraded 3-bed, 2-bath Menifee hilltop home where the views are just as impressive as the upgrades. From sunrise to sunset and even under the stars you'll enjoy the spectacular panoramic scenery this lovely home has to offer. Come 4th of July, you'll even have front row seats to the firework show without ever needing to leave. The moment you step inside, you’ll find high-end laminate flooring throughout the home, complemented by upgraded baseboards for a modern, polished look. The interior has been refreshed from floor to ceiling, and the exterior has been freshly painted, giving the whole home a bright, welcoming feel. The living room features custom shelving, plantation shutters and a gorgeous stone fireplace, adding both style and elegance. Outside, the concrete driveway has been extended to include RV parking and the backyard has been completely renovated with lush grass and a full irrigation system. The spacious patio cover features two ceiling fans with lights, six additional built-in lights, and convenient outlets on both sides, making it a perfect space for entertaining or relaxing. This home is equipped with 28 solar panels and two Tesla backup batteries for all your energy needs, plus a Tesla charger already installed in the garage for your convenience. The garage also features an epoxy floor finish and extra acks overhead for all of your storage needs. This home is a rare gem in the heart of Menifee that is close to shopping, schools, golf course, hiking trails, lots of parks and so much more! This home combines many modern upgrades with some fresh new additions and plenty of room to play — don’t miss the opportunity to make it your own!
Source: CRMLS #SW25182013
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Close stress-free in 45 days, handled start to finish by Roam.
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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.