13687 Rena Ct, Moreno Valley, CA 92553
2 beds · 2 baths · 1,045 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to 13687 Rena Court-Where your dreams meet a Cul-de-sac that gets zero through traffic! Tired of boring houses that don't have vibes? Look no further. This charming home is located in the heart of Moreno Valley and comes with everything you didn't know you needed: walls, a roof, and possibly even a functioning doorbell (we'll check). Step inside and you will be greeted by a hallway which leads to a beautiful living room with plenty of natural sunlight. Host family night and play board games in the spacious dining area. Walk into the kitchen which is ready for action-cook up a storm or microwave something while pretending you're on a cooking show . Plenty of counter and cabinet space . This home features two cozy bedrooms and two nice bathrooms. Enjoy the primary suite. The backyard? Spacious enough for BBQ's, gardening or chasing your dog in circles because they stole your sock again. Schedule a showing before someone else realizes how awesome this place is! Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses, condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or nonpermitted spaces, or school eligibility. Buyer is advised independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings.
Source: CRMLS #PW25076418
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #PW25076418
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.