34140 Ambrosia Ct Lake Elsinore, CA 92532
Your savings
About this home
Welcome to 34140 Ambrosia Ct a beautifully maintained home in one of the safest and most sought after communities in all of Lake Elsinore the Canyon Hills community. Offering over 3,100 sqft. of living space on nearly a quarter acre, this corner lot home sits on a quiet cul-de-sac right next to a park combining space, privacy, and a true neighborhood feel. This property is PRICED TO SELL making it an incredible opportunity for buyers seeking both value and lifestyle. Step inside to discover a spacious and flexible floor plan perfect for family living. The main level includes a full bedroom and bathroom, ideal for guests, in-laws, or a private office. The open concept kitchen features granite countertops, stainless steel appliances, and plenty of cabinetry, flowing effortlessly into the dining and living areas. Ideal for entertaining and family gatherings. Upstairs, enjoy a huge loft that can serve as a home office, a children's playroom, a media room, or a home theater. The primary suite and additional bedrooms are all generously sized, offering comfort and versatility for every member of the family. Convenient upstairs laundry adds to the functional design. The backyard is a blank canvas, ready for the new owner to design a dream outdoor oasis whether thats a pool, garden, or covered patio for California style living. The three car garage and extended driveway provide ample parking and storage. Located just minutes from the 15 and 215 freeways, this home offers easy commuter access and is close to shopping centers, restaurants, and top rated schools. Enjoy all that Canyon Hills has to offer such as resort style amenities including multiple pools and spas, parks, sports courts, baseball fields, and scenic walking trails throughout the community. Dont miss your chance to secure this great deal and opportunity in one of the most desired communities in all of Lake Elsinore!
Source: SANDIEGO #SW25233876
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.