VA loan
1 of 40
VA loan
$1,250,000 SIGNIN

Sign in to see required down payment for the 2.375% rate

35805 Shetland Hls E, Fallbrook, CA 92028

5 beds · 6 baths · 3,844 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Welcome to the largest floor plan on the biggest lot in the highly sought-after Horse Creek Ridge! This spacious 5BR/6BA home has room for everyone, with both a living and a family room, walk-in closets in every bedroom, a downstairs guest suite, and a huge upstairs loft with a custom wood accent wall, thats a "must see". The open-concept kitchen features a massive white quartz island, custom window coverings, and an Kinetico water softening system for the entire home. You'll also find stylish finishes throughout—like ivory white crown molding and baseboards. Step outside to an entertainer’s dream backyard with oversized sliding glass doors leading to a large concrete patio, natural gas fire pit, gazebo/pergola, and an 8-person jacuzzi. The nearly 13,000+ sqft corner lot also includes artificial turf and stonework in the front yard, plus a west-facing balcony perfect, for sunsets. Did I mention, the solar is fully paid off! This is your chance to own one of the most upgraded and spacious homes in the community. Stunning 5BR/6BA Home on an expansive 12,000+ sqft lot in Horse Creek Ridge!!! Welcome to your dream home in the heart of Horse Creek Ridge! This is the largest floor plan on possibly the biggest lot in the neighborhood—nearly 13,000 sq ft—and it’s packed with upgrades and space to enjoy inside and out. The open-concept kitchen features a massive white quartz island, custom window coverings, and an Kinetico water softening system for the entire home. You'll also find stylish finishes throughout—like ivory white crown molding and baseboards. Step outside to your backyard paradise—accessed through the family room by the oversized sliding glass doors—featuring a large concrete patio, natural gas fire pit, gazebo/pergola, and an 8-person jacuzzi! It’s perfect for entertaining or relaxing. The front yard has low-maintenance artificial grass and eye-catching stonework. And don’t forget the west-facing balcony where you can catch amazing sunsets. Plus, the solar system is fully paid off—huge bonus! This home has it all: space, style, upgrades, and one of the best lots in the community. Come see it for yourself—you’re going to love it here!

Estimated
Seller's interest rate
2.375%
7%
Estimated
Monthly payment

$4,448
$6,072
You may also save up to $500,151 in total interest paid.

Learn about how it works

Why Roam


Gap financing to lower your down payment

Unlock down payments as low as 5% – only with Roam

5x the likelihood your offer is accepted

If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close

Close faster and stress-free

We close 2x faster because of our deep experience and lender relationships

Rates and payments are estimates based on public records.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $6,072 monthly payment

Financed
SIGNIN
Location
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Loan details
Loan type
VA
Rate
2.375%
Remaining term
25 yrs and 8 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$4,448
Principal & interest
$2,648
Mortgage insurance
-
Property taxes
$1,137
Home insurance
$458
HOA fees
$205
Utilities
Not included

Source: Public records

Home details
Size
3,844 sqft
Year built
2018
Type
Single Family Residence
HOA dues
$205.00

Source: CRMLS #250024979SD

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 05, 2025 11:42 am
Listing agent: Alan Manuel
Listing provided courtesy of: LPT Realty,Inc (877) 722-8085
Details provided by CRMLS and may not match the public record.
MLS ID: #250024979SD
Based on information from California Regional Multiple Listing Service, Inc. as of May 06 2025 - 03:01 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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$4,448
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