27966 Crystal Spring Dr, Menifee, CA 92584
3 beds · 2 baths · 2,091 sqft
Welcome to 27966 Crystal Spring Dr., nestled in the vibrant 55+ active adult Oasis community of Menifee, CA! This stunning property offers a perfect blend of comfort, style, and an engaging lifestyle just waiting for you to explore. As you step inside, you'll be immediately captivated by the open-concept design that flows seamlessly from room to room. Natural light pours in through large windows, illuminating the spacious living area, which is perfect for entertaining friends or enjoying cozy evenings at home. The modern kitchen is a chef's dream, featuring sleek countertops, stainless steel appliances, and ample storage, making meal prep a delight. Retreat to the luxurious master suite, where tranquility reigns. With a generous layout, it boasts a private en-suite bathroom complete with dual sinks and a walk-in shower, offering a serene escape after a long day. Additional bedrooms provide versatility for guests or hobbies, ensuring you have all the space you need. But the allure of this property extends beyond its walls. Step outside to your beautifully landscaped backyard, where you can soak up the California sun or host gatherings under the stars. The community amenities are second to none, featuring a sparkling pool, fitness center, and a variety of social clubs and activities designed to foster connections and friendships. Located in the heart of Menifee, you're just moments away from shopping, dining, and recreational opportunities. Enjoy nearby parks, golf courses, and the scenic beauty of the surrounding area, all while being part of a welcoming community that celebrates an active lifestyle. Don't miss your chance to make 27966 Crystal Spring Dr. your new home—where comfort meets adventure in an idyllic 55+ community!
Source: CRMLS #SW24026441
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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.
Rates and payments are estimates based on public records.
Source: Public records
Source: CRMLS #SW24026441
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.