34003 Winterberry Ln, Lake Elsinore, CA 92532
3 beds · 3 baths · 1,712 sqft
Unlock the Door to Your Dream Home at 34003 Winterberry Lane, Lake Elsinore! Tucked away on the serene Winterberry Lane, this bright and inviting gem is the perfect blend of comfort and modern style. With an open-concept layout, high ceilings, and abundant natural light, this home offers both warmth and space for your family to grow. With generously sized bedrooms, including a master suite, you’ll find it easy to relax and unwind, in addition, you'll enjoy the laundry room located upstairs. The backyard offers endless possibilities—imagine weekend BBQs, cozy evenings by the firepit, or simply enjoying the outdoors in peace. Ideally located near all the best that Lake Elsinore has to offer, including shopping, dining, and recreation, this home gives you the convenience you crave without sacrificing the tranquility you deserve. Community amenities include 3 community pools, tennis courts, 2-playground, parks, sport courts, splash pad, baseball field, basket ball court, soccer fields, and dog park. Conveniently located near schools (Cottonwood Canyon Elementary and Canyon Lake Middle School). Not to mention the convenience of having access to the 15 and 215 freeways.
Source: CRMLS #CV25001207
Source: CRMLS #CV25001207
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.