31282 Shadow Ridge Dr Menifee, CA 92584
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About this home
DON’T MISS OUT ON THIS ONE! Welcome to this stunning home located in the highly sought-after Shadow Ridge community in the city of Menifee! This move-in-ready residence offers over 2,500 sq. ft. of beautifully maintained living space, an attached 3-car garage, extra-long driveway, 5 bedrooms, 3 bathrooms, tech center, plus a versatile room currently used as an office, but can serve as a 6th bedroom, den, or flex room. Step inside to discover a bright, open, and flexible floor plan featuring a formal living room, formal dining area, and a spacious family room. The family room is the perfect place to relax, complete with a cozy fireplace, surround sound wiring and speakers, and abundant natural light. The gourmet kitchen boasts a contemporary design with granite countertops, white cabinetry, stainless steel appliances, a pantry, and generous storage—ideal for everyday living and entertaining alike. Upstairs, the expansive primary suite offers peaceful views of the backyard, a large walk-in closet, and a private en-suite bathroom featuring dual vanities and a clean, modern aesthetic. The additional bedrooms are spacious and offer ample closet space. One bedroom is conveniently located on the first floor, perfect for guests or multi-generational living. Step outside to your private backyard retreat, highlighted by mature queen palms, a retaining stone block wall, a lush lawn, and an extended concrete patio with a lattice patio cover—perfect for outdoor dining, barbecues, or simply relaxing with family and friends. Ideally located near schools, local parks, churches, equestrian and bike trails, shopping centers, and popular dining destinations, this home offers the perfect blend of comfort and convenience. Enjoy easy access to Temecula Wine Country, local lakes and recreation areas, and the beautiful beaches of Southern California. Don’t miss your opportunity to own this exceptional home in one of Menifee’s most desirable neighborhoods. Schedule your private showing today!
Source: CRMLS #SW25249143
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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.