21952 Esplendor, Mission Viejo, CA 92691
4 beds · 2 baths · 1,760 sqft
A 2.875% assumable mortgage is available with the potential of significant annual savings. Discover your dream escape in this enchanting Mission Viejo home, perfectly nestled amidst the rolling hills with stunning panoramic views of the Wilderness Glen. This move-in ready gem has four bedrooms (or three plus a stylish office space) and two baths, all set on a serene, single-loaded cul-de-sac. Wake up to awe-inspiring canyon vistas and embrace the tranquility of your surroundings. Step inside to a chef's delight—a gourmet kitchen featuring elegant granite countertops, a generous pantry, and top-notch stainless steel appliances that make cooking a pleasure. Throughout the home, you'll find luxurious refinements like gleaming Tigerwood hardwood floors, plush carpeting in three of the four bedrooms, and touched up paint that breathes new life into every room. The primary suite is your personal retreat, complete with a chic makeup station and sink to kickstart your day with ease. Cozy up in the inviting family room by the fireplace or enjoy the convenience of a two-car garage with direct access and a functional laundry area. Venture outside to your own private backyard paradise with an automatic drip sprinkler system that effortlessly supplies water to the backyard planters, where nature steals the spotlight. Backing onto the Wilderness Glen, it's a haven for outdoor entertaining with your family sized fire pit, peaceful moments, or adventures on the endless hiking, biking, and walking trails at your doorstep. The perks don't stop there—Mission Viejo offers top-rated schools to secure a bright future and exclusive membership to Lake Mission Viejo Association. Think sandy beaches, swimming, boating, fishing, a clubhouse, and vibrant seasonal events and concerts. This is more than a home—it's an experience. Don’t let this rare opportunity slip away!
Source: CRMLS #OC25057813
Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Have questions? Email support@withroam.com
Source: Public records
Source: CRMLS #OC25057813
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.
What 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.