29553 Tulipwood St Menifee, CA 92584
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About this home
This beautifully upgraded home offers the perfect blend of style, space, and smart energy efficiency. Tucked away in a quiet, family-friendly neighborhood, this expansive floorplan includes five bedrooms, three full bathrooms, a downstairs bonus room, and a generous upstairs loft—ideal for today’s dynamic lifestyle. Step inside to discover a bright, airy layout with sleek finishes and abundant natural light throughout. The chef-inspired kitchen is a standout, complete with granite countertops, stainless steel appliances, a large center island, and abundant cabinetry—perfect for everyday cooking and entertaining alike. Downstairs, you'll find a spacious bedroom next to a full bathroom—ideal for guests, in-laws, or multi-generational living—as well as a dedicated office/flex space suited for working from home, studying, or crafting a cozy reading nook. Upstairs opens to a large loft space that can serve as a media room, game area, or secondary living space. The elegant primary suite is a true retreat with a spa-style bathroom featuring dual sinks, a soaking tub, separate shower, and a walk-in closet with ample storage. Energy-conscious buyers will love the tankless water heater and the fully paid solar system—bringing long-term savings and sustainability. The backyard is a blank slate, ready for your vision—whether that means a tranquil garden, custom patio, or sparkling pool. Enjoy being just a short stroll from Banner Village Park, with basketball courts, picnic areas, and walking paths, and conveniently close to shopping, dining, and top-rated schools. Plus, with quick access to the 215 freeway and just a 25-minute drive to Temecula’s world-renowned Wine Country, you get the best of both convenience and lifestyle. Don’t miss this opportunity to own a turn-key home with incredible potential!
Source: CRMLS #SW25162290
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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.