30809 Burning Tree Dr Canyon Lake, CA 92587
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About this home
Welcome to this beautifully updated and move-in-ready solar powered home located in the heart of Canyon Lake, just a short stroll to the golf course. This 3-bedroom, 2-bathroom gem offers an inviting open-concept layout that’s perfect for both everyday living and entertaining. Step into a spacious living area with a grand stone fireplace, custom plantation shutters, and surround sound in both the living room and primary bedroom, creating a cozy and cinematic atmosphere. The kitchen and bathrooms have been thoughtfully remodeled with modern finishes, including brand new fixtures, updated flooring, and fresh paint throughout. The home features a brand-new AC unit, so you’ll stay cool all year round. Plus, with 32 paid-off solar panels, you’ll enjoy no electric bills! The attention to detail extends to the garage, which is fully finished with custom cabinetry and epoxy flooring—perfect for all your storage needs. Outside, the low-maintenance front yard features artificial turf, and the spacious backyard is beautifully landscaped with lush, green grass. The front patio provides the ideal space for relaxing or entertaining, complete with a TV mount for outdoor viewing. Need extra space for your toys? The 14x105-foot RV parking area with a 50-amp hookup ensures you’ve got room for it all.All of this located within Canyon Lake, a private, gated community with 24/7 security and unmatched amenities, including a 384-acre waterski/fishing lake, 20+ parks with beaches and playgrounds, basketball and baseball courts, tennis and pickleball, an equestrian center, an 18-hole golf course, dog park, community pool, restaurants, slalom course, ski jump, golf cart-friendly streets, and year-round events for the whole family!
Source: CRMLS #SW25181539
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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.