Experience refined desert living in this beautifully updated, turn-key golf course residence located in the highly sought-after Monterey Country Club in Palm Desert. Set on one of the best streets in the community, the home enjoys exceptional privacy, scenic surroundings, and a premier central-valley location within a 24-hour guard-gated community. From the moment you arrive, you’ll appreciate the convenience of parking for two vehicles just steps from the garage, along with a charming private front patio—an inviting space for morning coffee or evening relaxation. Inside, high ceilings and a thoughtfully designed open-concept floor plan create a bright, airy atmosphere ideal for both everyday living and effortless entertaining. The designer kitchen features rich wood cabinetry, a stylish tile backsplash, and a breakfast bar overlooking the dining area, flowing seamlessly into the spacious living room filled with natural light. Sliding glass doors open to an expansive fairway-side patio with ample space for dining and lounge seating. With sweeping mountain views and tranquil golf course scenery, this outdoor retreat is perfect for entertaining, sunset gatherings, or simply enjoying the serene desert setting. The primary suite offers a peaceful retreat complete with a beautifully remodeled, spa-inspired bathroom and generous closet space. A well-appointed guest bedroom and updated hall bath provide flexibility for visiting guests or a private home office. Monterey Country Club offers resort-style living with 27 holes of championship golf, one of the Coachella Valley’s most active pickleball and tennis programs, a fully renovated clubhouse with dining and social events, a modern fitness center, and multiple pools and spas throughout the community. Golf and social memberships are optional, and the property benefits from fee-simple land ownership. Conveniently located near El Paseo shopping and dining, entertainment, and medical facilities, this exceptional property is ideally suited as a full-time residence or seasonal retreat, offering the perfect blend of luxury, comfort, and the ultimate desert lifestyle.
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.
