39550 Calle De Companero, Murrieta, CA 92562
4 beds · 3 baths · 3,339 sqft
Get a free consultation call with an expert in the mortgage assumption process.
PERFECT MARRIAGE OF USABLE LAND, CONVENIENT LOCATION & RECENTLY RENOVATED ESTATE HOME! In the heart of LA CRESTA, find this fantastic property ready to accommodate all of your ranch and farm needs. Currently the land includes a charming Cabernet Sauvignon vineyard of 400+ vines in their first harvest year, and ample additional FLAT land for whatever else you desire. Perfect for horse barn, arena, pasture. Or…Create a family compound by adding an ADU. Or…Expand the agriculture, using the prolific private water well and fertile soil. Located on the corner of Avenida La Cresta & Companero, this estate is easy to find, close to the entrance of La Cresta, and offers access via four privacy gates & new concrete driveways. The modern farmhouse-style home has 4 bedrooms (3 are downstairs), a dedicated office/gameroom, formal living room with fireplace and vaulted ceiling, spacious and open kitchen, cozy family/media room, which opens to a new covered patio with enough space for your largest gatherings. The Primary Suite offers views of the land from its sitting area upstairs and an ensuite bathroom with jetted tub, separate shower and walk-in closet. The outdoor space offers a built-in firepit, mounted TV, room for several tables/chairs/lounges, large concrete side area leading to the very private pool. The detached multi-use RV GARAGE has its own gated entrance and creates an excellent opportunity for workshop, gym, office… This property is also designed for low-cost living, with its free water from the well, paid-for solar, new energy-efficient windows, and LED lighting. It is a must-see for families, gardeners, and horse enthusiasts, as you are able to ride directly off property to miles and miles of community recreational trails. ***** 5-acre minimum parcels (10-acre minimum. in SR West), just minutes to schools, restaurants, hospitals, grocery stores, 15 Fwy & Temecula Wine Country. Enjoy this peaceful ranch community with no commercial businesses, robust social activities, miles of private community trails & 1000s of acres of Ecological Reserve…All less than 1.5 hours from LA, SD, OC, Palm Springs & Big Bear. Discover the country, yet convenient, lifestyle of La Cresta, Tenaja & the Communities of the Santa Rosa Plateau!
Source: CRMLS #SW25028561
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.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #SW25028561
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.