27955 Merbie Cir, Menifee, CA 92585
4 beds · 3 baths · 2,552 sqft

Get a free consultation call with an expert in the mortgage assumption process.
Welcome to this contemporary single story home in Menifee, consisting of 4 bedrooms and 2.5 bathrooms. As you enter, you will be greeted by an open floor plan with an office section to your right with built in custom cabinetry for those work from home individuals. The kitchen is very spacious and includes white quartz countertops, bar-top, walk in pantry, plenty of cabinet space with built in oven, microwave, and GE stove top range. The open floor plan leads to the dinning and living area, perfect for those family gatherings. The tropical themed backyard consists of a built in grilling area, Bar-top sitting area, patio covered space and turf, and surrounded by palm trees. The yard is very low maintenance. This home is also conveniently located near Hans Middle School, Avenida Park, food and entertainment, the 215 freeway and much more! Come take a tour today!
Source: CRMLS #IV25035583
Source: CRMLS #IV25035583
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.
