5278 Sierra Vista Ave Riverside, CA 92505
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About this home
Welcome to this inviting 3-bedroom, 2-bath Riverside home featuring a bonus living room that can serve as a 4th bedroom, office, or flex space. With dual-pane windows, two fireplaces, and a bathroom with direct outdoor access—this home is designed for comfort, functionality, and poolside convenience. The seller has recently completed extensive upgrades, giving you peace of mind and added value: Kitchen updated – August 2024 with Quartz Counter Tops; Copper repiping – August 2024; Leak detection system – October 2024; New water heater – November 2024; Exterior paint – December 2024; Interior paint – January 2025; New irrigation lines – January 2025; Sewage line hydrojet – January 2025; New ceiling fans – February 2025; Updated dual-pane windows – August 2025; Pool acid washed and refilled – July 2024; Roof replaced – 2018; Additional highlights include an oversized 2-car garage, new electrical panel, newer AC, and original unfinished hardwood floors under the carpet in all rooms (excluding the main living/family room). Seller Incentive: $5,000 credit towards buyer’s closing costs, interest rate buy-down, or home warranty—a great way to make your move even smoother. Located in a sought-after Riverside neighborhood, this property offers easy access to major freeways (91, 15, and 60), nearby parks, schools, shopping, and dining—making it a prime location for both commuters and families.
Source: CRMLS #CV25196956
Neighborhood
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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.