30867 Via Bonica Lake Elsinore, CA 92530
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About this home
MOTIVATED SELLERS-BRING AN OFFER! Welcome to your dream single-story solar ranch home in sought-after "Rancho La Laguna" community of Lake Elsinore! This spacious 5-bedroom, 3-bathroom residence offers 3,237 sq ft of living space on an expansive 0.47-acre lot. Step inside through the grand front entry to a formal tiled foyer that opens into a versatile living room area, currently set up as a game room, and a formal dining room. A beautifully designed chefs kitchen with abundant maple colored cabinetry, granite countertops, a 5-burner stove with microwave, electric oven, and a granite-topped island with high-top seating. The island is a great focal gathering place and is also equipped with a sink, dishwasher, generous storage space, butler's pantry with a walk-in pantry too! The open-concept layout flows seamlessly into the spacious great room, anchored by a cozy fireplace and flooded with natural light through windows adorned in classic plantation shutters and a sliding glass door to the backyard. Enjoy your park-like yard views from the Alumawood patio, Jacuzzi, and backyard entertaining area. This low-maintenance astroturf backyard retreat showcases pristine astroturf, vibrant planters and mature trees The layout is ideal, featuring a private primary suite east wing with a spa-like en-suite bathroomcomplete with a soaking tub, walk-in shower, dual vanities, and 2 walk-in closets with built-ins and mirrored doors. The secondary bedrooms are thoughtfully positioned on a separate wing away from the primary suite on the west wing, for added privacy. The laundry room with a farm sink and tons of built-in cupboards is conveniently located inside the house. A separate metal, free-standing structure in the backyard was originally designed as an ADU. Although currently unpermitted and previously decommissioned, it presents a valuable opportunity for expansion. One of the 2 garages has been tastefully finished with plantation shutters and overhead lighting, making it an ideal candidate for conversion into a guest suite, office, or permitted ADU. The other 2-car garage boasts a Tesla charging station. The property features 2 extra-long gated 48 feet long driveways on each side of the home, and a covered RV parking area complete with RV 110 stand and water connection. Energy-efficient 36 solar panels. This home truly has it all: location, solar, RV parking and ADU possibility. Current VA assumable loan is at 3.25%. Restrictions apply.
Source: SANDIEGO #IV25111849
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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.