29728 Vacation Dr, Canyon Lake, CA 92587
5 beds · 4 baths · 1,917 sqft
Welcome to this stunning 5-bedroom, 3.5-bathroom home in the highly sought-after, gated community of Canyon Lake! This spacious home features dual master suites, making it perfect for large families or professionals seeking a work-from-home setup. Thoughtfully designed with modern upgrades throughout, this home is move-in ready and packed with features that offer both luxury and convenience. The open-concept layout is ideal for entertaining, with the living room seamlessly flowing into the backyard patio. Step outside to your private retreat, complete with mature trees, a paved patio for outdoor dining, and plenty of space for gardening. For added peace of mind, the home is equipped with both exterior and interior security cameras, as well as a smart doorbell, ensuring safety and convenience at all times. Installed Govee outdoor lights allow you to create the perfect ambiance for any occasion or holiday all year long. Energy efficiency is a major highlight, as the home comes fully equipped with solar panels, covering all electrical usage at an incredibly low monthly cost. The extra-deep, wide 2-car garage provides ample storage space for all your needs. But this isn’t just a home—it’s resort living at its finest! The Canyon Lake community offers an unparalleled lifestyle, complete with a private lake, two restaurants, a golf course, a pool, tennis courts, basketball courts, pickleball courts, and a walking trail. With over 20 parks throughout, you'll have endless options for outdoor recreation and relaxation right at your doorstep. Don’t miss out on this incredible opportunity to own a spacious, well-appointed home in one of the most desirable communities around!
Source: CRMLS #SW25041041
Financials
Source: CRMLS #SW25041041
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.