1985 Meridian St, San Jacinto, CA 92583
5 beds · 3 baths · 2,764 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this home nestled in the desirable Rancho San Jacinto neighborhood. This 5-bedroom, 3-bathroom property is brimming with potential and offers exceptional amenities. The backyard boasts a pool, spa, custom-built BBQ area, and a firepit, making it the perfect space for entertaining or relaxing—though it will require a little TLC to bring it back to its full glory. Step inside to find a spacious layout designed for both comfort and functionality. The formal living and dining rooms feature cathedral-vaulted ceilings and new carpet, creating a grand yet inviting atmosphere. The large kitchen is equipped with granite countertops, a walk-in pantry, an island, and ample cabinet space, all flowing seamlessly into a huge family room with a cozy fireplace and custom entertainment center. The main floor also includes a bedroom with a full bathroom, an indoor laundry room, and an additional office or game room, ensuring plenty of space for every need. Upstairs, the luxurious primary suite offers a peaceful retreat with a large walk-in closet, dual sinks, a bathtub, and a separate stand-up shower. Three additional bedrooms, filled with natural light, and a versatile tech center or study nook provide ample room for family, work, or leisure. Please note that the property is being sold as-is, with the pool currently empty. While the home does require some updates, its generous size, versatile layout, and impressive features make it a fantastic opportunity. Conveniently located near walking paths, parks, shopping, golf, dining, and casinos, this home is perfectly situated for both relaxation and adventure. Don’t miss out on this incredible property!
Source: CRMLS #IG25007439
Source: CRMLS #IG25007439
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 and Equal Opportunity Act.