33215 9th St Winchester, CA 92596
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About this home
NO DOWN-PAYMENT REQUIRED USDA HOME OPPORTUNITY. This spacious 4-bedroom, 2-bathroom manufactured home, plus a BONUS ROOM, offers 2,356 sq ft. of comfortable living space on a peaceful just over 1/2-acre lot. Built in 2006, the home was fully converted from electric to natural gas in 2015, including all new appliances, a 50-gallon water heater, a gas dryer, a high-efficiency furnace, and a gas stove/oven combo. The exterior features durable cement board siding and was repainted in 2019 for a fresh, modern look. The HVAC system was also upgraded at that time with a Goodman 5-ton compressor and A-coil for optimal cooling and heating efficiency. Outdoor living is a dream with a massive 12’ x 74’ concrete patio and a 12’ x 64’ Aluma Wood patio cover, providing the perfect space for relaxing or entertaining. The backyard boasts 1,800 sq. ft. of artificial turf, ideal for sports, gatherings, or an above-ground swimming pool. For those needing extra storage or workspace, the detached 2-car garage comes equipped with a 50-amp breaker to power tools and equipment. Additionally, there is ample space for RV or boat parking. Located on a quiet street in a growing community, this home is just 20 minutes from Temecula, offering a perfect balance of tranquility and convenience. Don’t miss out on this well-maintained, upgraded property with plenty of space inside and out! PLEASE NOTE THAT TITLE REFLECTS 3 BEDROOMS. BUYERS TO CONDUCT THEIR OWN DUE DILIGENCE.
Source: CRMLS #HD25061732
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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.
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