29451 Studio Dr, Menifee, CA 92584
3 beds · 2 baths · 2,428 sqft
Discover the perfect canvas in this 2021 turnkey home, where fresh landscaping complements a spotless, ready-to-customize interior! The ranch style property is located in the highly desirable community of Audie Murphy Ranch, in Menifee. This barely lived in 2428 sqft home offers 3 bedrooms, 2 baths, an office and solar! As you enter the home you are greeted by tall ceilings recessed lighting throughout, crisp white paint, an open floor plan and endless options to create your perfect space. The property is appointed with two spacious secondary bedrooms with tons of natural light flooding the rooms, ceiling fans and plush carpet. They share a secondary bath with a dual vanity and tub shower combo. The large office is the perfect flex space with recessed lighting and a great option for a 4th bedroom. Across the hall is the large laundry room offering tons of storage and access to the 3-car tandem garage. The Great Room is extremely spacious with large windows allowing natural light to flood the home, plush carpet fills the space, and a blank canvas offers a multitude of opportunities to add your personal touch. The gourmet kitchen boasts granite counters, stainless steel appliances, white farm sink, a walk-in pantry and a large dining area. The master bedroom features views of the private yard and an attached bath boasting a super shower, dual vanity and large walk-in closet. The freshly landscaped yard is the perfect place to build a pool or landscape the yard of your dreams which is currently appointed with fresh grass and concrete that spans to both oversized side yards. The community amenities offer pools, spa, sports courts, hiking and biking trails, club house, meeting and banquet rooms, skate park, tennis, bocce ball and basketball. The community is home to the award winning Taawila ES, the new Kathryn Newport MS and is in between the 15 and 215 freeways, and super close to shopping. With the Temecula valley wineries 30 minutes away, Big Bear 1.5 hours away, SD an hour out and the beach an hour to the sand, this home is a must see!
Source: CRMLS #SW25049648
Financials
Source: CRMLS #SW25049648
Source: Public records
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%. 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.
Other resourcesWhat 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.