36475 Chervil Way Lake Elsinore, CA 92532
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About this home
Welcome to 36475 Chervil Lane Where Comfort Meets Style in the Heart of Canyon Hills! Discover this beautifully maintained 4-bedroom, 3-bathroom home located in the sought-after Canyon Hills community. Built in 2015, this spacious two-story residence offers 2,249 sq ft of thoughtfully designed living space. Downstairs features a convenient bedroom and full bathideal for guests, in-laws, or a private office. The open-concept kitchen is a chefs dream with granite countertops, a walk-in pantry, tile backsplash, upgraded cabinetry with hardware, and stainless steel appliances. The family room opens to the screened-in California room and screened alumawood patio cover, backing up to a peaceful hillside settingwith neighboring homes set high above, providing added privacy and scenic views. Additional upgrades include: Custom front door with glass inlay Whole house quiet fan Whole house water softener Ceiling fans in every room Custom laminate flooring in main living areas Rain gutters and full backyard drainage 2 paver patios and mature backyard landscaping Overhead garage storage racks Upstairs laundry room with washer and dryer included Energy efficiency is a bonus with low-cost solar, helping to keep utility bills down year-round. Residents of Canyon Hills enjoy resort-style amenities, including three private community pools (two beach-entry style), parks, sports courts, and scenic hiking trails. One of the newest parksfeaturing brand-new basketball courts and a baseball diamondis just steps away. Dont miss this opportunity to own a turnkey home in one of the most vibrant and active communities around. Schedule your showing today!
Source: SANDIEGO #SW25176425
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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.