31951 Magpie St, Trabuco Canyon, CA 92679
4 beds · 4 baths · 3,732 sqft
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Turnkey Luxury Pool Home with Assumable VA Loan at a 2.875% Interest Rate! Welcome to this Breathtaking 4-Bedroom, 3.5-Bathroom Masterpiece with Solar in the highly sought-after gated community of Walden! This upgraded home with an expansive Bonus Room offers a seamless indoor-outdoor living experience. Stunning curb appeal with an open-concept floor plan showcasing Luxury Vinyl Plank flooring, custom built-ins, and an En-Suite Main-Level Bedroom, ideal for guests. The heart of the home is an impeccably designed Chef’s Kitchen with sleek Quartz countertops, Top-of-the-Line Appliances, and an oversized Island with ample seating. This space seamlessly flows into the dining and family rooms, where a show stopping fireplace and gorgeous views of the sparkling pool create an atmosphere of warmth and elegance. Ascend the spiral staircase to an expansive bonus room—your personal entertainment retreat. The luxurious primary suite with a three-sided fireplace adds a great perfect touch. The spa-like primary bath offers a soaking tub, walk-in shower, dual vanities, and an expansive walk-in closet. The upstairs is complete with two secondary bedrooms and a full bathroom with dual sinks. Step outside in a resort-worthy Outdoor Oasis built for entertainment and relaxation. A sparkling Saltwater Pool & Spa set the tone for endless summer days, while the fully equipped outdoor kitchen boasts a built-in BBQ, full sink, three refrigerators, warming drawer, dehydrator, and more! The dual wood-burning and gas fireplace and in-ground gas firepit next to the Spa provides the perfect ambiance. Enjoy Smart & Sustainable Living. A three-car garage with dual EV Charging Stations and Solar Panels ensures both convenience and efficiency. Live the Walden Lifestyle. As a resident of the prestigious Walden community, you’ll enjoy exclusive access to a private pool & spa, a serene catch-and-release pond, and miles of scenic hiking and biking trails. With top-rated schools, fantastic dining, shopping, and easy freeway access, this is the ultimate Southern California dream home. Don’t miss this rare opportunity to experience luxury living at its finest!
Source: CRMLS #OC25051073
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #OC25051073
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 of Equal Opportunity Act.