29193 Blackoak Way Lake Elsinore, CA 92530
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About this home
A Lifestyle Upgrade in the Heart of Summerly.. Nestled in the vibrant and highly sought-after Summerly Community of Lake Elsinore, this beautifully upgraded 3-bedroom, 2-bath with a huge loft that can become a 4th bedroom offers more than just a place to live-it's a lifestyle. From the moment you arrive, you'll notice thoughtful enhancements that blend comfort , style, and functionality, making this residence truly one-of-a-kind. Step inside and be greeted by an open-concept floor plan that invites connection and flow. The spacious kitchen is a showstopper, featuring crisp white cabinetry, gleaming granite countertops, stainless steel appliances, and a large center island with a 33" stainless steel sink-perfect for entertaining or everyday family meals. Upgraded vinyl flooring runs throughout the entire first floor, offering durability and elegance in equal measure. The generous loft provides flexible space for a home office, media room, or play area. The home's smart LED lightings adds a modern touch, while a built-in storage cabinets in th e laundry room and shelving in the garage ensure everything has its place. The widened driveway offers easy access to cars and the FULLY PAID SOLLAR SYSTEM means energy efficiency and already taken care of. Outside, the upgrades continue. New turf in both the front lawn and backyard creates a lush, low maintenance landscape. A built-in patio sets the stage for outdoor gatherings, complemented by a brand-new shed and a BBQ set-up with a smoker grill-ready for weekend cookouts and summer celebrations. Govee all-season lighting wraps the exterior in charm, making the home shine year-round. Summerly is more than a neighborhood-it's a community. Residents enjoy access to two resort-style pools, a newly renovated golf course, basketball court, a spacious event room, three parks, scenic bike and hike trails. Just minutes away, Storm Stadium offers baseball games and summer fireworks, while nearby shopping, dinning and freeway access make daily life convenient and connected. This stunning property, with its exquisite design and functional layout, is ready to welcome it's next owner into a world of good living--style and comfort. Don’t miss the opportunity to make this Lake Elsinore home your own!
Source: CRMLS #TR25250452
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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.