26269 Leos Trl, Menifee, CA 92586
2 beds · 2 baths · 1,658 sqft
Contemporary D.R. Horton 2017 built "Over 55" home at a fabulous quaint gated resort on a premium corner lot. Great curb appeal with brick type facade accents and covered front porch. Fresh interior paint and tile floors throughout except newly carpeted bedrooms and den that is easily convertible to a 3rd bedroom. Large great/dining room with custom lighting, ceiling fan and slider to the covered patio and lush rear yard. The dream kitchen features granite counters, a breakfast bar island with sink and dishwasher, stainless steel appliances including a 5-burner gas range, included refrigerator, Java cabinets galore and walk-in pantry. Unique big laundry/hobby room with lots of cabinets and folding/work counters. The master bedroom has a ceiling fan and ensuite bathroom with dual sink vanity, shower, privacy commode, linen cabinet and spacious walk-in closet. The guest bedroom has an adjacent full bath with tub. High quality builder features throughout including fire sprinklers and tankless water heater. See photos for the floorplan and a list of the builder's construction features. The finished 2-car garage has a newer garage door and opener with battery back-up and outside key pad. The big back and side yards are surrounded by block walls and include an Alumawood solid ceiling cover over the stamped concrete patio and lush lawn and gardens. The low HOA dues includes front yard maintenance and provides access to the extraordinary association amenities including a beautiful pool, spa, covered lanai, BBQ/ party area, clubhouse with pool table and kitchen plus separate gym building. This community is ideally located about an hour's drive to L.A. and Orange Counties, downtown San Diego, Palm Springs and Idyllwild. Close to Temecula, The Wine Country and Casinos.
Source: CRMLS #SW25054918
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Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
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We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #SW25054918
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.