4254 Miramonte Pl, Riverside, CA 92501
3 beds · 2 baths · 1,932 sqft
Welcome to 4254 Miramonte Place — your serene escape at the base of Mt. Rubidoux. This beautifully preserved mid-century ranch-style home, built in 1956, offers 3 bedrooms, 2 bathrooms, and 1,932 sq ft of timeless design and comfort on a spacious ¼-acre lot in one of Riverside’s best-kept secret neighborhoods. Step inside to find gleaming hardwood floors, rich walnut paneling, a gorgeous fireplace, and large picture windows that fill the home with natural light and stunning views of the lush, manicured backyard. The living areas have been meticulously maintained and thoughtfully upgraded over the years, blending classic style with modern convenience. Outside, enjoy your own private oasis featuring a sparkling pool, above-ground Jacuzzi, exterior sauna, and plenty of space to relax or entertain. A 2-car garage provides additional storage or workspace. With easy access to local amenities and the vibrant cultural scene of downtown Riverside, 4254 Miramonte Place combines tranquility with convenience. The nearby historic Mission Inn, local farmers' markets, and charming cafes provide endless opportunities for exploration and enjoyment. Nature enthusiasts will love the proximity to hiking trails and parks, perfect for morning walks or weekend adventures. This home is not just a residence; it's a lifestyle, offering a unique blend of privacy and community. Whether you're hosting a summer pool party or enjoying a quiet evening under the stars, this property is a sanctuary where cherished memories are made. Embrace the elegance and warmth of mid-century architecture while enjoying all the modern updates that make life comfortable and easy. Make this stunning home yours and experience the best of Riverside living. Tucked beneath the iconic trails of Mt. Rubidoux, this home offers front-row seats to the Fourth of July fireworks from the comfort of your yard. This quiet, tucked-away neighborhood is truly one of Riverside’s hidden gems. Don’t miss your chance to own a piece of Riverside history in a location that feels like a private retreat just minutes from downtown.
Source: CRMLS #IV25066180
Financials
Source: Public records
Source: CRMLS #IV25066180
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.
What 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.