40399 Denise Rd Hemet, CA 92544
Your savings
About this home
For more pictures visit the website at - - - https://40399deniserd.com/idx. - - - This exceptional 9-acre estate offers a rare combination of versatility, comfort, and rural charm just minutes from the renowned Temecula Wine Country. This fully fenced property features two well-maintained manufactured homes, including a main residence with three bedrooms and two bathrooms, and a second home with two bedrooms and two bathroom. Both homes are equipped with central heating and air conditioning, providing year-round comfort. Designed with equestrian and outdoor lifestyles in mind, the land includes three fully fenced pastures—two of which have shaded shelters—along with two 24-by-24-foot corrals and a professionally maintained riding 80 X 100 arena complete with a sprinkler system to minimize dust. From the front gate, residents enjoy direct access to miles of riding and hiking trails, ideal for horses and outdoor enthusiasts alike. A dirt bike track on the front acre offers additional recreational opportunities. Additional amenities include a spacious 30-by-30-foot detached garage and workshop, a 20-by-30-foot covered parking area, and a private well supplying water to both residences and the land. A spa located near the main house offers a tranquil space to unwind while taking in panoramic views of the surrounding countryside. The property’s peaceful setting provides stunning vistas, star-filled skies, and the unique advantage of being able to oversee your animals right from the front yard. This remarkable estate blends lifestyle, location, and function in a way that is truly unmatched in the area.
Source: CRMLS #SW25173448
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.