40219 Donomore Ct Temecula, CA 92591
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About this home
Welcome to 40219 Donomore Ct, a spacious and inviting home located in the desirable Roripaugh Hills neighborhood of Temecula. Nestled on a quiet cul de sac, this property offers the perfect blend of comfort and convenience with SUPER LOW TAXES and NO HOA. It is priced at the lowest cost per square foot compared to similar homes in the area giving buyers more space for their money. This home features large RV parking and a driveway perfect for additional parking or toys, a Tesla car charger that conveys with the sale, double pane windows throughout, and 24 solar panels to help offset energy costs. A first level bedroom with a full bathroom is perfect for guests or multigenerational living. The entry showcases a charming courtyard fountain leading into generous living areas. Inside you will find a large formal living and dining room, a great room with fireplace, and a kitchen with stainless steel appliances and granite countertops. Upstairs the primary suite offers a walk in closet and spa tub, while the additional bedrooms share a convenient Jack and Jill bathroom. The location is ideal within walking distance to Nicolas Valley Elementary, Chaparral High School, and Joseph Park with basketball courts and outdoor activities. You are also less than a 10 minute drive to the world famous Temecula Wineries, just 5 minutes to the Temecula Mall, grocery shopping, dining, and entertainment with easy access to the 15 Freeway for commuters. This home will not last long so schedule your showing today.
Source: CRMLS #SW25225799
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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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