29629 Painted Desert Dr Menifee, CA 92584
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About this home
Lowest priced Spacious 5-Bedroom, 3-Bathroom, 3-Car Garage home in Menifee’s Popular St. Andrews Neighborhood with Low HOA and PRICED TO SELL FAST! Don’t miss the 3D walkthrough to explore this beautiful home from every angle. This move-in ready 5-bedroom, 3-bathroom home has the perfect layout for modern living. One bedroom and a full bath are conveniently located downstairs, ideal for guests or multi-generational living. Upstairs, the spacious primary suite features a remodeled bathroom that feels like a private retreat. The open-concept kitchen flows into a large family room with a cozy fireplace, making it great for entertaining. You'll love the kitchen's center island, newer dishwasher, recessed and task lighting, and plenty of cabinet space. There's also a separate formal living and dining area for added flexibility. Step into your private backyard oasis with a covered patio, planter area perfect for relaxing or entertaining outdoors. The home also features newer exterior paint, a newer water heater, and a roomy 3-car garage. All of this comes with an ultra-low HOA of just $25 per quarter, giving you added value without the high monthly cost. Located just minutes from the 215 and 15 freeways, schools, shopping, dining, and medical centers. Enjoy easy access to Temecula wineries, the mountains, and the coast all while living in one of the best communities in Southern California. Schedule a tour today and see why this home is a standout!
Source: CRMLS #250031554SD
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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.