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$515,000 SIGNIN

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49795 Cherokee Ct, Aguanga, CA 92536

3 beds · 3 baths · 2,100 sqft

Concierge

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

Assumable low interest FHA loan if needed! Welcome To The Private Gated Community Of Lake Riverside Estates. Surrounded By Beautiful Mountains & Breathtaking Sunsets These Private Estates Offer A Community Like No Other. Complete With A Private Airport, A Private Lake, A Private Equestrian Center, A Private Clubhouse, Swimming Pool, Private Park With Jungle Gym, Basketball Courts & Many Hiking Trails. This 2,100 Sq Ft House Offers Bedrooms & 2.5 Baths With A Detached Double Wide Tandem Garage. It Sits On 2.65 Acres Of Flat & All Usable Land. There Is An Outdoor Horse Stall, Chicken Or Goat Stall, & Plenty Of Room To Build An ADU Or Even A Pool & Tennis Courts. This Is Not A Manufactured Home, It Is A Slab Home Built From The Ground Up. It Offers A Huge Family Room With A Comfortable Living Room That Has A Real Word Burning Cast-Iron Fireplace. Open Kitchen Concept Makes Entertaining Easy. If You're Looking For A Great Neighborhood To Enjoy The Relaxing Life Or A Place To Have Horses Or Animals On Your Own Property, Then This Is The Place For You! Safe & Desirable End Of Cul De Sac Location! WELCOME HOME!!!

Estimated
Seller's interest rate
3.11%
7%
Estimated
Monthly payment

$3,247
$4,287
You may also save up to $332,870 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 $4,287 monthly payment

Financed
SIGNIN
Location
Use two fingers to move the map
Loan details
Loan type
FHA
Rate
3.11%
Remaining term
26 yrs and 8 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$3,247
Principal & interest
$2,076
Mortgage insurance
$343
Property taxes
$477
Home insurance
$188
HOA fees
$161
Utilities
Not included

Source: Public records

Home details
Size
2,100 sqft
Lot size
2.65 acres
Year built
1988
Type
Single Family Residence
HOA dues
$161.00

Source: CRMLS #224004826

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 08, 2025 09:10 am
Listing agent: Christopher English
Listing provided courtesy of: Pinnacle Estate Properties, Inc. (805) 222-6000
Details provided by CRMLS and may not match the public record.
MLS ID: #224004826
Based on information from California Regional Multiple Listing Service, Inc. as of May 08 2025 - 12:32 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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$3,247
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