3122 W Devonshire Ave, Hemet, CA 92545
2 beds · 2 baths · 1,612 sqft
***Another 10k in Price Reduction*** Charming & Spacious 2 Bedroom Home with Solar, Bonus room & Upgraded Lighting! Welcome to this beautiful 1,600 sq. ft. one-story home, designed for comfort, style, and functionality! This family-friendly gem features 1 primary bedroom including a stunning ensuite bathroom showcasing an upgraded rainfall shower—your personal spa retreat! 2nd Bedroom is extra spacious with Bathroom adjacent, almost like a 2nd primary. The sellers have made thoughtful upgrades, including new front windows that flood the home with natural light and updated kitchen lighting that brightens up the space, making it warm and inviting for gatherings. Energy efficiency meets convenience with assumable/transferable solar panels, with no transfer fees. Soft pull credit check req. These solar panels help to keep summer energy costs low. Plus, the covered bonus room offers a versatile space that can be transformed into a home office, gym, or cozy retreat—whatever suits your lifestyle! Located within walking distance to shopping centers, restaurants, family-friendly parks, and a skateboarding recreation area, this home is perfectly situated for convenience and community living. With upgrades that enhance privacy, functionality, and long-term value, this home is waiting for you! Don’t miss out—schedule your tour today!
Source: CRMLS #IG25029494
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.
Have questions? Email support@withroam.com
Source: Public records
Source: CRMLS #IG25029494
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.