49412 Kiowa Dr Aguanga, CA 92536
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About this home
Nestled within the desirable Lake Riverside Estates community, this stunning custom-built home sits on 2.9 acres with the breathtaking Cahuilla Mountain as its backdrop. Perfectly suited for both equestrians and pilots, the property is just moments from the community lake, miles of riding trails with direct National Forest access, and a private airstrip where you can tow your plane right to the runway. Recently and completely remodeled inside and out, the home boasts brand-new finishes including a modern kitchen with quartz waterfall countertops, custom tile backsplash, new appliances, and remodeled bathrooms. Additional updates include new carpet, tile flooring, fresh interior and exterior paint, updated lighting, ceiling fans, and a laundry room with a new washer and dryer. Every bedroom offers exterior access, and the spacious primary suite captures sweeping mountain views. The property is fully turnkey with existing horse facilities—sheltered stalls and a large turnout area—with room to expand for an arena, barn, or workshop. A detached garage connects to the home via a covered breezeway with private rear access. Newly installed generator plug-in. Community amenities include a 55-acre private lake, swimming pool, tot lot, community arena, and miles of scenic trails, all within reach of Temecula’s wine country, dining, shopping, and nearby destinations like Idyllwild and Palm Desert. Cal Fire is located within the community. Seller will provide termite clearance, septic and well certifications during escrow. Seller is a custom home builder and applied professional upgraded finish work to the remodel. HOA maintained roads and community events (farmers market, bingo nights, easter egg hunts and so much more). Truly a rare find, this like-new home combines incredible views, acreage, and lifestyle opportunities you won’t find anywhere else in Southern California at this price point.
Source: CRMLS #SW25232086
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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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