31954 Calle Ballentine Temecula, CA 92592
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About this home
Nestled in Paloma Del Sol, Temecula, one of the largest viticultural areas in Southern California, is your opportunity to live and flourish in one of its coveted neighborhoods. Perched atop One of the neighborhood Parks is an upgraded, turn-key home. Greeted by natural light and high ceilings, the gray-oak laminate flooring and custom tile throughout the residence underscores your open floor plan. Unfurl your culinary and aperitif creations from the magnetic knife wall storage, across the island quartz counter-tops and Whirlpool stainless-steel appliances to the open family room featuring a cozy white-washed fireplace with a custom wood mantle. Bask in the usually warm days and evenings in your private backyard while enjoying a panoramic view above the family and dog-friendly park. Retire upstairs in your private primary bedroom with no neighbors behind and Reset for another day in Paradise. Modern Upgrades abound throughout the home: windows are framed with custom wood casings, custom-wood detailing in the primary bedroom and every bathroom has been updated with modern tile, shiplap walls and hardware. Repeatedly Raved by Forbes and other sources for one of the Best and Safest Cities to Live and its Renowned Wineries, enhanced with award-winning schools, this Temecula home opportunity is endowed with access to the many park, pools, tennis and basketball courts, disc golf course and the numerous amenities of Paloma Del Sol.
Source: CRMLS #SW25053218
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Close stress-free in 45 days, handled start to finish by Roam.
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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.