29268 Northpointe St, Lake Elsinore, CA 92530
3 beds · 2 baths · 1,362 sqft
Get a free consultation call with an expert in the mortgage assumption process.
VIEWS, VIEWS, VIEWS! Nestled on a quiet, low-traffic street with no neighbors in front or behind, this beautifully maintained single-story home offers the perfect blend of comfort, privacy, and pride of ownership. Featuring 3 spacious bedrooms, 2 updated bathrooms, and 1,342 square feet of thoughtfully upgraded living space, this property is an incredible opportunity to own a turnkey home in a prime Lake Elsinore location with stunning lake and mountain views. From the moment you arrive, with immaculate curb appeal with fresh exterior paint, a lush green lawn, and a charming fountain that creates a peaceful first impression. The home is fully landscaped lot with plenty of space to entertain, garden, or even add a pool. Both the front and backyards have been meticulously cared for. The large driveway also offers ample RV parking, and the garage includes extra space for a workshop or additional storage. Step inside to a light-filled interior where new flooring runs throughout, creating a cohesive and modern feel. The open-concept layout flows seamlessly from the living room to the dining area and into the remodeled kitchen, which features brand-new stainless steel appliances, sleek cabinetry, and elegant countertops. Modern, matching light fixtures have been installed throughout the home, tying each space together with a clean and stylish finish. The cozy living room features a beautiful fireplace and large windows that frame the view while bringing in abundant natural light. All three bedrooms are spacious and well-appointed, offering plenty of closet space. The primary suite is a true retreat, complete with a large walk-in closet and an ensuite bathroom that has been tastefully updated with contemporary finishes. Both bathrooms in the home have been remodeled, featuring upgraded fixtures and plumbing. Even the indoor laundry room has been enhanced, offering additional convenience and functionality. This home has been lovingly cared for over the years, with consistent maintenance that includes annual HVAC servicing every summer and extensive roof maintenance completed just two months ago. With low taxes and no HOA, this property offers tremendous value and peace of mind. The location is equally impressive—within walking distance to schools and two beautiful parks, and just five minutes from Launch Pointe, a haven for boating and lakeside recreation. You're also conveniently close to all your daily essentials. Don’t miss your chance to make it yours!
Source: CRMLS #SW25080601
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #SW25080601
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 and Equal Opportunity Act.