52 Promesa Ave Rancho Mission Viejo, CA 92694
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About this home
Offered by the original owner, this beautifully upgraded home blends modern design with luxury finishes throughout. From the moment you arrive, you'll be captivated by the spacious front yard, and oversized covered patio—complete with built-in seating and a cozy firepit, perfect for entertaining or enjoying a quiet evening outdoors. Step inside to discover an open-concept layout featuring elegant vinyl plank flooring, fresh interior paint, plush new carpet, recessed lighting, and upgraded baseboards. The bright and airy living room flows effortlessly into a dining area and a chef-inspired kitchen equipped with stainless steel Energy Star appliances, a gas range with hood and griddle, a self-cleaning convection oven, modern tile backsplash, gorgeous quartz countertops, and a large center island with farmhouse sink and breakfast bar. Upstairs, the luxurious primary suite offers a true retreat with a spacious walk-in closet, beautifully upgraded ensuite bathroom with tiled shower and floor, quartz countertops and dual vanities. Two additional bedrooms, a full guest bathroom with dual sinks, and an upper-level laundry room with added cabinetry provide plenty of space and convenience for daily living. The third-level covered rooftop deck boasts panoramic mountain views and is ideal for BBQs, al fresco dining—with a built-in sink, refrigerator, and counter space—or simply lounging with a built-in TV setup. Additional home features include touchless keypad entry, custom window coverings including wood shutters and blinds, double pane windows, upgraded light fixtures, downstairs framed mirror, modern hardware, direct access 2-car garage with overhead storage and ball rack, and Energy Star features integrated throughout the home. You will also have access to award-winning amenities such as baseball fields, playgrounds, a sports park, the Canyon House, Blue Hummingbird Coffeehouse, The Pond, Lagoon and Lake, Camp Out facility, resort-style pools, the farms, an arcade, state-of-the-art workout gyms, dog park, a zipline, splash pads, biking trails, NEV roads, and tennis and pickleball courts (to name a few). Additionally, it is just 15 minutes from the beach and conveniently located near the 241 freeway
Source: CRMLS #OC25131837
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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.