26228 Birkdale Rd, Menifee, CA 92586
2 beds · 2 baths · 1,285 sqft
Presenting a beautiful condominium home located at 26228 Birkdale Rd in the quaint and charming 55 plus community of Sun City Villas. This home presents opportunities for retirees and/or active adults who want a quiet and comfortable lifestyle. Upon first arriving at the home please notice this home has a full two car driveway unlike the smaller units in the community. The home is designed with a full front yard and rustic wrought iron gating for a classy appeal with a little added security. The entry court of the home allows for a minor gardening space, fresh air and filtered sunlight. This allows for many unique options to custom tailor the look of the home for your desires. Stepping inside you will notice walking into a large open floor plan with an abundance of natural light coming from the wall length windows and sliding glass doors. This promotes a warm and relaxing environment to enjoy after a busy day around town. The open floor plan allows for many diverse furniture arrangements and a close connection to a dining space and dual kitchen access. The kitchen has been thoroughly upgraded with cabinetry, flooring and granite countertops bringing a time honored and classic ambiance to the space. This condo comes with two generously sized bedrooms. The guest room is located adjacent to and with access to the front court area, providing guests with a beautiful morning view. The guest bathroom accommodates a full suite of features to provide the most comfortable experience friends and family would enjoy. The main bedroom in the home is located towards the back with a sliding glass fixture showing a small enclosed space that can be used for a small pet as well. The bedroom has a private and attached full bathroom. The backyard of the home is a real treat. It runs the full length of the home with plenty of patio space to be used for many relaxing activities. From the backyard you have a view of many beautiful trees that have grown into a beautiful scene to be enjoyed by home owners, guests and local birds alike. This is really a relaxing and calming space to say the least. All of this is located in the Sun City Villas with access to activities to include a pool, spa, tennis courts and clubhouse events. The community hosts and allows for many varying and diverse opportunities to mingle with neighbors, meet new people and enjoy good company. The condo offers access to many restaurants, shopping and medical facilities. Dont miss out on this
Source: CRMLS #IG25042546
Financials
Source: Public records
Source: CRMLS #IG25042546
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.