Spectacular Christofle floorplan home in Sun City Palm Desert--move-in ready and ideally located just moments from both the Mountain View and Sunset View clubhouses! This light-filled residence offers abundant natural light throughout, including transom windows, and an inviting living room with media niche and French door opening to the peaceful backyard. The kitchen features Corian countertops, pantry, a convenient pass-through to the living room, and a sliding door to the outdoor living spaces. Step outside to a spacious salt-finished patio surrounded by mature, low-maintenance desert landscaping. An extended Alumawood patio cover with built-in ceiling fan expands your outdoor enjoyment, offering filtered sunshine and year-round comfort. The primary suite features a charming bay window, ensuite bath, and walk-in closet. The primary bathroom includes dual sinks and shower/tub combination. Thoughtful separation places the guest bedroom on the opposite side of the home, ensuring comfort and privacy for both owners and visitors. Additional upgrades include shutters on all windows, LVP or tile flooring throughout, and ceiling fans in nearly every room. The former laundry room has been converted into a versatile service area, with washer and dryer relocated to the garage--offering added interior storage potential. The two-car garage includes built-in cabinetry for extra organization. Whether seeking a carefree lock-and-go seasonal retreat or a comfortable full-time residence, this home is designed for ease of living. Sun City Palm Desert is all about lifestyle! Enjoy remarkably low HOA dues and an incredible array of amenities, including two championship 18-hole golf courses, driving range and practice facilities, pickleball, tennis, softball, bocce ball, and an 18-hole miniature golf course. Additional highlights include an honor library, arts and crafts studios, ballroom, and four pools heated to 87 year-round with spas. Dine at two on-site restaurants, a martini/coffee bar, or the newly renovated indoor/outdoor bar with fire tables--perfect for taking in the views and enjoying the best of desert evenings. Sun City life is vibrant, active, and rich with opportunity--truly one of the valley's most desirable 55+ communities.
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.
