42944 Calle Reva Temecula, CA 92592
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About this home
Short sale ! Owner moved out. Home Needs work, Paint interior, Bathroom update, carpet replacement, Etc.. Will be sold AS IS. Net metering is grandfathered in ! Full solar, Power wall, car Charger Separate Thermal Pool Heater by the sun & Green Lifestyle. All Solar is Payed off. neighborhood with wider streets, Underground utilities,. A Rancho Highlands tropical pool & Jacuzzi at home; w/greenspace views with periodic snow topped mountain views. With Cathedral ceilings in the entry and dining room. There are Fruit trees; Pear, pomegranate, Tangerine, & Lemon. There are a total of 5 spacious bedrooms, 3 bathrooms, an office/bonus room (one of the bedrooms w/out closet) and one of the bedroom is large enough to be used as another upstairs Den bedroom or multi-purpose room. A Office/ bonus room or could be a smaller bedroom if you added a Armoire, and is downstairs. Interior laundry room with storage and machines to convey with sale. The primary Master suite is upstairs and features fantastic views, an en-suite bathroom, separate water room, with soaking tub, shower and walk-in closet. Sparkling pool and spa with water features and led colored lighting, Tropical Palms, solar thermal heating, numerous fruit trees. Light up the days and nights, with your fully paid for Tesla solar panels, car charger and Tesla Powerwall battery backup. Cameras and security system, Nest & Ring will convey, and stay. The pool has a Dolphin automatic pool sweeper, and Kitchen appliances convey with house. Owner is leaving the state. Generous side yards allow for room to play, garden or the perfect dog run, while the large 3-car garage has room for all of the toys. Located in the sought-after Rancho Highlands, this sweet little neighborhood is close to shopping, schools, and entertainment (Old Town Temecula!) and boasts its own private, gated seven-acre recreation center featuring pools, showers, Jacuzzi tennis pickleball, & a half basketball court: a park w/ picnic tables, and more for only $107 per month. Only minutes to Wine Country, Idlewild. Low HOA. Easy access to I-15 for commuters.
Source: SANDIEGO #NDP2504390
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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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