5027 Sleeping Indian Rd Fallbrook, CA 92028
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About this home
Welcome Home to Your Modern Mediterranean/Spanish Estate with Stunning Views & Upgrades! Nestled in the highly desirable Morro Hills community, this beautifully upgraded 3-bedroom, 2.5-bath home offers the perfect blend of modern convenience and serene country living. Located near the Oceanside border, enjoy easy access to coastal amenities while embracing the peace and privacy of this 1.01-acre flat, usable lot—perfect for gardening, recreation, or future expansion. Plus, you're just minutes from beaches, hiking trails, shopping, and date nights at the famous Fallbrook wineries! Step inside this peaceful sanctuary, where a spacious formal living room with a custom wood-burning fireplace welcomes you. The formal dining room provides a great space for entertaining and seamless indoor-outdoor living. The home boasts a fully remodeled kitchen done in 2024, featuring new appliances, newly painted kitchen and bathroom cabinets, and stylish finishes throughout. The open-concept kitchen and family room also includes a large cooktop island with waterfall quartz countertops, a cozy breakfast nook, and a second wood-burning fireplace. The large master suite features a gorgeous en suite, walk-in closet, and sliding doors leading to the back patio, where you’ll be greeted by breathtaking scenery and panoramic views. Step outside and enjoy your morning coffee or evening happy hours under the expansive covered patio. The fenced backyard is perfect for relaxing or entertaining, surrounded by orange, apple, lemon, and fig trees, creating a tranquil retreat. Also surround sound and audio for outdoor and living room music. Additional features include an indoor laundry room off the garage with gas washer and dryer hookups and a bonus deep sink, new HVAC added in 2023, plus a semi-circle driveway and three-car garage for ample parking and storage. Don’t miss this opportunity to own a serene and move-in-ready estate with incredible views, modern upgrades, and space to grow in one of Fallbrook’s most sought-after communities!
Source: CRMLS #FR25184598
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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.