29129 Evans Way Lake Elsinore, CA 92530
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About this home
Welcome to this stunning Single-Story residence offering 2,514 sq. ft. of thoughtfully designed living space with 4 Bedrooms, 3 Bathrooms, perfectly blending functionality and luxury. With no neighbors behind and stunning views of the local mountains, this home has a peaceful feeling. Three of the Bedrooms are located in the front of the home, two of which are connected by a Jack and Jill bathroom, and one with its own hallway bathroom providing comfort for family or guests. The Primary Bedroom Suite is tucked away at the back of the home offering added privacy. The Primary suite feels like a peaceful retreat with a custom barn door leading into a spa-like bathroom featuring dual sinks, a walk-in shower, an oversized soaking tub, separate toilet room, and a spacious walk-in closet with custom shoe shelving. The heart of the home is the Gourmet Kitchen boasting white cabinetry, Carrera marble countertops, an extended center island/countertop, stainless steel appliances, a 36-inch commercial range top, and a professional-grade stainless steel sink. It is OPEN to the Family Room and Dining Area and promotes family gatherings and entertaining. There is a Good size walk-in Pantry for food storage. Practical upgrades include a three-car Tandem Garage equipped with a tankless water heater, 240V EV charging station and two 1,500-lb overhead storage racks. The laundry room is indoors, and comes with built-in shelving. PAID OFF SOLAR through SunRun and NO HOA are MAJOR added benefits! The Whole house fan helps cool off the home quickly and efficiently during the warmer months. There is ample room for all your "toys" as this property features an extended driveway with vehicle-rated pavers designed for vehicle or boat parking at the Front Left side of the home. Enjoy California outdoor living with an extended concrete patio, alumawood patio cover, and ceiling fans with lights. Use your imagination to design the rest of the Back yard to your own desires. This home checks every box with its combination of modern elegance, thoughtful upgrades, Paid Off Solar and No HOA.
Source: CRMLS #SW25216692
Neighborhood
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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.