Warm & Inviting Golf Course Retreat in Monterey Country ClubWelcome to desert living at its finest in the highly sought-after Monterey Country Club--where lifestyle, comfort, and stunning views come together beautifully.This charming home offers an open, light-filled layout with upgraded dual pane windows, rich wood flooring and tile throughout, and a warm, inviting ambiance the moment you walk in. The spacious living room features a stacked stone gas fireplace and a dramatic infinity-style opening that seamlessly connects indoor and outdoor living--leading to a cozy firepit and breathtaking golf course views.The kitchen and both bathrooms have been tastefully updated with gorgeous granite countertops and custom cabinetry, and the home is equipped with all-new appliances, including an LG dishwasher, gas range, oven, and microwave--making it truly move-in ready.Comfort and efficiency are top of mind with an A/C system just 18 months old, while the garage is a standout feature of its own--complete with a custom-finished floor, split A/C, insulated attic, pull-down ladder, and built-in workbenches perfect for projects or storage. Guest Bedroom has IKEA cabinetry that provides lots of extra storage.Step outside and enjoy peaceful mornings and relaxing evenings overlooking the fairway--this is desert living done right.Residents of Monterey Country Club enjoy an unmatched resort lifestyle featuring:27 holes of Ted Robinson-designed golf33 pickleball courtsTennis, bocce, and fitness centerClubhouse dining and vibrant social sceneGuard-gated security and beautifully maintained groundsAll just minutes from the world-class shopping and dining of El Paseo.This is more than a home--it's a lifestyle. Come experience the best of Palm Desert living. Come see this beauty and make it your own!! Offered at $533,900. Owners are licensed Real Estate Agents.
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
