36475 Chervil Way, Lake Elsinore, CA 92532
5 beds · 3 baths · 2,249 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Beautiful upgraded home in coveted Canyon Hills Community! This 4 bedroom 3 full bath home is fully upgraded w/ most desirable amenities. See it to appreciate. Main floor bedroom with full bath downstairs. Amenities include: Upgraded front door w/custom glass inlay, ceiling fans in every room, Granite counter kitchen, New whole house quiet fan, 2.5'' wood blinds up, 3" bed down stairs, walk in pantry, tile back splash in kitchen, Cabinet knobs, whole house fan, Patio slab down both sides of house, Aluma-wood patio cover off California room for more shade and space and wired for lights or fan, New coach lights in front, Ceiling fan CA room, Garage roof rack storage, 9 year old tree in back, High end paint whole house, 2 added water line hoses in front and way in back, upstair laundry, rain gutters that do not come w/ these new homes, full back yard drainage, 2 custom paver pads in back yard & custom laminate floors through out main living area downstairs & low cost solar. You get 3 community pools to choose from, 2 are beach style resort quality. The newest pool and best pool in this community, Amber leaf. Brand new park just steps away from this pool area, with new basketball courts and baseball diamond, not even opened yet. This will be the most excited part of the community and minutes from this home. Plenty of nature and hiking trails and a community that cares and heavily involved. Come see what all the fuss is about. Don't miss it!
Source: CRMLS #SW25023341
Source: CRMLS #SW25023341
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 and Equal Opportunity Act.