35909 Shetland Hls E Fallbrook, CA 92028
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About this home
Welcome to one of the largest homes in the Promontory neighborhood of Horse Creek Ridge. This expansive 3,844 sq ft residence offers 5 bedrooms, including 4 with ensuite baths, 6 bathrooms, a spacious upstairs loft, and thoughtful upgrades throughout. Inside, the gourmet kitchen features GE and Café appliances, quartz counters, custom cabinetry, a stylish backsplash, and a butler’s pantry — perfect for everyday meals and entertaining. The open-concept family room with fireplace flows into the large dining space, while luxury vinyl plank flooring and plantation shutters add elegance throughout the first floor. This home also comes with a fully paid 5kW solar system, a two-car garage with tandem space, and rare expanded parking behind a fenced area along with a three-car driveway. Step outside to a private courtyard, drought-tolerant landscaping, and a custom putting green — an entertainer’s dream and golfer’s delight. Living in Horse Creek Ridge means enjoying 7 private parks, a clubhouse with pool and spa, nearby hiking trails including the Monserrat Mountain Trailhead, and a true community feel. With easy I-15 access, you’re just minutes from Fallbrook, Bonsall, and Temecula. Don’t miss this opportunity to own one of the premier homes in Horse Creek Ridge.
Source: CRMLS #NDP2509771
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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.