32970 Ethlene Dr Lake Elsinore, CA 92530
Your savings
About this home
Welcome to 32970 Ethlene Drive – your private lakeside escape in beautiful Lake Elsinore! Nestled in one of the area’s most desirable lake-access communities, this 2-bedroom, 2-bath home offers a rare opportunity to enjoy exclusive, private access to Lake Elsinore — just a short stroll from your front door. Whether you love boating, fishing, paddleboarding, or simply taking in the stunning lake and mountain views, this property lets you live the ultimate Southern California lake lifestyle. Step inside and you’ll immediately notice the warm, inviting feel of the open-concept living space. The living room features large windows that fill the home with natural light, creating a bright and airy atmosphere perfect for relaxing or entertaining. The kitchen offers ample cabinetry, updated appliances, and plenty of counter space, making meal prep a breeze while keeping you connected to the living and dining areas. The primary suite provides a peaceful retreat with its own private bathroom, generous closet space, and a relaxing view of the surrounding landscape. The second bedroom is ideal for family, guests, or even a home office — offering flexibility for your lifestyle. Both bathrooms are well-maintained and designed for convenience and comfort. Outside, enjoy a spacious yard with mature trees and room to entertain, garden, or unwind under the stars. There’s plenty of parking available, including space for recreational toys like a boat or jet skis — perfect for lake enthusiasts. Located in a quiet and established neighborhood, this home combines the serenity of lakeside living with easy access to local amenities — shopping, dining, schools, and freeway access are all just minutes away. You’re close enough to enjoy city conveniences, yet far enough to feel like you’re on a peaceful getaway every day. This is a rare opportunity to own a piece of Lake Elsinore’s charm — perfect for first-time buyers, weekend vacationers, or anyone looking for a relaxed lifestyle near the water. Don’t miss your chance to make 32970 Ethlene Drive your new home — where every day feels like a lakeside retreat!
Source: CRMLS #OC25249772
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.