39201 Dovetree Dr Murrieta, CA 92563
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About this home
This exquisite home nestled in a prime location with NO HOA & NO MELLO_ROOS. Featuring high vaulted ceilings with an abundance of natural light, creating an inviting and airy atmosphere throughout. Meticulously updated with modern renovations, this residence seamlessly blends classic charm with contemporary style. Situated on an oversized lot, this property is an entertainer's dream. The spacious backyard is designed for relaxation and entertaining, with the added convenience of RV and boat parking, making it perfect for those who love to explore the great outdoors. Inside, you'll find meticulously designed interior that showcases the timeless finishes. The open-concept layout flows effortlessly from room to room, providing an ideal setting for both everyday living and special occasions. The kitchen is a chef's dream, newly renovated, featuring plenty of cooking space for even the most ambitious hosts. The primary suite is a true retreat, offering a serene escape with its en-suite bathroom and vaulted ceilings. Additional bedrooms are generously sized and provide plenty of space for family or guests. This home is conveniently located in the heart of Murrieta, close to top-rated schools, shopping centers, and recreational opportunities. Don't miss the chance to make this remarkable property your own and experience the epitome of Southern California living. VA assuamble loan available.
Source: CRMLS #250035279SD
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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.