124 Patria, Rancho Mission Viejo, CA 92694
3 beds · 3 baths · 1,564 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Located in the desirable Esencia Village within the award-winning Rancho Mission Viejo community, this charming three-bedroom, three-bathroom townhome offers the perfect balance of comfort and convenience. Ideally situated, residents enjoy walking distance to a wide array of amenities, including Esencia Elementary and Middle School (K-8), Montessori Academy on the Ranch, The Pavilion Park and Playground, South Paw Dog Park, Canyon Coffee House, The Farm, and an extensive network of scenic trails perfect for outdoor exploration. This spacious townhome boasts an open-concept design that seamlessly connects the kitchen, living, and dining areas, creating an inviting space for both daily living and entertaining. Sliding doors lead to a patio, extending your living space outdoors, ideal for relaxing or hosting gatherings. The generous primary suite serves as a peaceful retreat, complete with a large walk-in closet and a luxurious en-suite bathroom featuring dual vanities and a soaking tub. Two spacious secondary bedrooms offer ample space for family, guests, or a home office. For added convenience, the home includes an individual laundry room and additional linen storage in the hallway, offering additional storage and organizational space. The two-car garage is equipped with a Tesla charging station, ensuring that your electric vehicle is always ready for use. The garage also provides an abundance of overhead and wall built-in storage, offering plenty of room to store tools, outdoor gear, and more. Rancho Mission Viejo residents enjoy a resort-style lifestyle with access to numerous community amenities. The neighborhood features multiple clubhouses and fitness centers, offering indoor and outdoor spaces for fitness activities, relaxation, and social events. Enjoy multiple swimming pools, including a lagoon-style pool with a swimming pond and a wading pool. Sports enthusiasts will appreciate the sports fields and courts for soccer, baseball, basketball, and pickleball. Expansive parks, tot lots, and miles of scenic trails ensure plenty of opportunities for outdoor recreation. This townhome offers the ideal opportunity to experience the vibrant, active lifestyle that Rancho Mission Viejo is known for. With its prime location, modern features, and exceptional amenities, this is a home you don’t want to miss. Contact us today to schedule a tour and see firsthand all that this remarkable property has to offer.
Source: CRMLS #OC25044769
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #OC25044769
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.