34715 Mustang Ln, Fallbrook, CA 92028
3 beds · 3 baths · 1,985 sqft
3 bed, 2.5 bath home, built in 2023, and located in the highly desirable Citro Community is ready to be made yours and offers a spacious floorplan with high ceilings, recessed lights, carpet floors, a downstairs den or 4th bedroom option, a bonus loft, and an attached 2-car garage. The great room is to the right of the formal entry and offers lots of natural light, the kitchen has gorgeous granite countertops, with center island, and stainless steel appliances. A half bathroom, direct garage access, and the large den/office space complete the first floor. All of the bedrooms are located on the 2nd floor including the huge primary suite with walk-in closet, and large private ensuite with dual sinks and a full-size shower. The 2 secondary bedrooms share a full-size bathroom, and there is an upstairs laundry room with, as well as a bonus loft area. This home offers a private, no maintenance backyard with turf grass, concrete, and no rear neighbors! Residents also get to enjoy a Resort-like swimming pool and spa, community garden, and playground. Conveniently located near schools, shopping, dining, and more! Set up your tour today!
Source: CRMLS #SW25067652
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #SW25067652
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.