28428 Fox Ridge Cv, Menifee, CA 92585
5 beds · 3 baths · 2,709 sqft
Get a free consultation call with an expert in the mortgage assumption process.
5 bed, 3 bath Heritage Lake home with a bonus den or 6th bedroom option offers great curb appeal, a spacious and open floorplan, recessed lights, plantation shutters, high ceilings, a neutral paint scheme, wood-look tile floors, and sits on a cul-de-sac street. The foyer offers on-trend shiplap wall and opens to the great room with large living area space and lots of natural light. The kitchen features granite countertops and backsplash, a center island with breakfast bar seating, gorgeous wood cabinetry, stainless steel appliances with included refrigerator, gas stovetop, dishwasher, microwave, and a double wall oven, and there is a walk-in pantry. The dining area is on one side of the kitchen with slider to the backyard and on the opposite side is the den/office. A 1st floor bedroom and a bathroom with shower complete the downstairs. Upstairs you will be greeted by 4 more bedrooms including the huge primary suite with walk-in closet and private spa-like ensuite offering a soaking tub, shower, and dual sinks. There is also a full-size hall bathroom for the secondary bedrooms to share and a laundry room with extra storage space. Enjoy the private backyard with covered patio, turf grass, and playground area with mulch and included playset with swings and slide. This home also features an attached 3-car garage. Residents get to enjoy Resort-Like community amenities including pools, spas, tennis courts, basketball courts, greenbelts, parks, playgrounds, and the beautiful lake to fish and relax by. Conveniently located near schools, shopping, dining and more! Set up your tour today!
Source: CRMLS #OC25068329
Source: CRMLS #OC25068329
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 and Equal Opportunity Act.