1315 Plaza Way, Perris, CA 92570
4 beds · 3 baths · 2,150 sqft
Introducing 1315 Plaza Way, a meticulously maintained 4-bedroom, 3-bathroom residence nestled in a tranquil cul-de-sac in Perris, CA. Built in 2006, this 2,150 sq ft home showcases the pride of long-term ownership and thoughtful upgrades throughout. Upon entering, you're welcomed by a grand foyer with soaring vaulted ceilings that lead into the formal living and dining areas. The interior features elegant wood flooring, 5.5-inch baseboard molding, and a warm, neutral color palette. The heart of the home is the remodeled kitchen, boasting white shaker cabinets with soft-close mechanisms, granite countertops, a custom beverage rack within the island, and stainless steel appliances. This culinary space seamlessly flows into a spacious family room, complete with a cozy fireplace—ideal for gatherings. The upper level houses three generously sized guest bedrooms, a versatile loft that can serve as a fourth bedroom or home office, and a luxurious master suite. The master bathroom offers a separate tub and shower, providing a spa-like retreat. Conveniently, the laundry room is also situated upstairs. Situated on a 5,663 sq ft lot, the backyard is a standout feature, offering ample space to accommodate a pool, spa, or expansive outdoor entertainment area. The property's well-maintained landscaping and spacious lot contribute to its reputation as one of the finest yards in the neighborhood. Additional highlights include a 2-car attached garage, central air conditioning, and proximity to local amenities. This turnkey home is competitively priced for a swift sale. Don’t miss the opportunity to own this exceptional property in a sought-after Perris community.
Source: CRMLS #PW25068258
Financials
Source: CRMLS #PW25068258
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
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