40785 Johnston Ave, Hemet, CA 92544
4 beds · 2 baths · 1,660 sqft
Beautiful Single-Story Home with Pool, Spa, and Solar System. Welcome to your dream home! This spacious single-story property offers 4 bedrooms, 2 bathrooms, and a private office that can also serve as a computer or exercise room. The upgraded kitchen features modern cabinets, a farmer's sink, and stainless steel appliances, including a newer stove, dishwasher, and microwave. The kitchen flows seamlessly into the dining area, complete with a cozy fireplace, creating the perfect setting for family meals and gatherings. The large living room boasts high ceilings and a slider that opens directly to the covered patio and sparkling pool. Enjoy summer days and evenings under the expansive wooden patio with recessed lighting, or take a dip in the refreshing pool and spa. Additional highlights include: A fully paid 26-panel solar system, offering energy efficiency and savings. A convenient horseshoe driveway for easy access. A two-car garage with direct entry to the indoor laundry room, equipped with washer and dryer hookups. A large backyard shed for extra storage. Located in a desirable neighborhood close to schools, shopping, and parks, this home truly has it all. Don’t miss the opportunity to make this gem your own. Welcome home!
Source: CRMLS #PW25008285
Financials
Source: CRMLS #PW25008285
Source: Public records
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.