29885 Calle San Martine Menifee, CA 92584
Your savings
About this home
Immaculate and fully loaded 4 + 1 Bedroom 3 bath pool home with a huge yard in Menifee Lakes. This upgraded, turnkey family home is complete with a renovated kitchen with newer appliances and quartz countertops, newer flooring throughout, including a bedroom and adjacent full bathroom on the first floor level. For the large family or remotely employed, downstairs offers an additional bonus room/office/5th bedroom option separate from the other downstairs bedroom. On just shy of a quarter acre, the entertainers dream yard offers a large size pool and spa with newer pool equipment, heater and new pool pump, large patio cover, built-in bbq island with bar seating, in addition to a very spacious rear yard complete with low maintenance DG lined with fruit trees, and a front yard with plush sod, large enough in size to play a game of catch or throw the football. Upstairs holds 3 bedrooms and 2 full bathrooms including the primary suite with large walk-in closet and dual sink vanity. Additional upgrades in this fully loaded home include newer HVAC system, newer hot water heater, upgraded rear windows, three whole house-fans, new ceiling fans in the bedrooms, and SOLAR. Very centrally located near shops and restaurants, enjoy the location of Menifee Lakes and all the amenities it has to offer, all while being in a very LOW tax zone and a LOW HOA of only $100/ mo. Come make your dream home a reality. Cumulative days on market inaccurate, home was only listed active for 1 week in March.
Source: CRMLS #SW25248574
Loan details
Neighborhood
45-day close guarantee
Close stress-free in 45 days, handled start to finish by Roam.
Roam Price Match
If you find a better price on any home, we’ll match it.
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.