29496 Courtney Pl Temecula, CA 92591
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About this home
This 3-bedroom, 2.5-bath home offers over 1,300 sq ft of living space. It features a great room with abundant natural light from sky-room style windows, vaulted ceilings, and sliding doors that open to a private front patio. The home also includes a direct-access garage, an additional detached garage, custom bamboo kitchen cabinets, and stone-coated concrete countertops. Unique amenities include a cedar wood shoe and purse closet with solid cedar shelving, a kitchen pantry, upgraded kitchen appliances, a refrigerator, upright freezer, and a second-level LG ThinQ stacked washer/dryer unit with white shaker cabinets and an upgraded white stone counter top. Located in the heart of Temecula, this quiet community provides easy access to shopping, Promenade Mall, restaurants, vineyards and the I-15 freeway. Community amenities include a pool, spa, tennis court, gym and a community room for private events. The HOA has approved upcoming community enhancements, including roof replacements, full community painting, and new black powder-coated 6' wrought iron fencing with magnetic-lock gates. These improvements are expected to be completed within a year, with no special assessment to residents. HOA is approved for VA financing.
Source: SANDIEGO #NDP2508988
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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.