Welcome to Talavera, where luxury meets lifestyle!Nestled within the sought after gated community of Talavera, this stunning 4 bed, 3 bath home built in 2022 spans 2,333 sq ft of meticulously maintained living space, where every detail reflects true pride of ownership.Situated on a 15,000+ sq ft cul de sac lot, the home is packed with thoughtful upgrades throughout. The chef's kitchen shines with a Thermador refrigerator, upgraded oven, and a refined sink and faucet. Upgraded light fixtures and ceiling fans grace every room, while the beautifully appointed primary suite features a spa inspired bathroom complete with a freestanding soaking tub and a fully remodeled shower.Outside, your private oasis awaits. The oversized, fully landscaped backyard is anchored by a heated and chilled saltwater pool and hot tub, ideal for warm desert evenings or effortless weekend entertaining.Smart living comes built in: this home is served by the lower cost IID utility district, features solar, and includes an EV charger in the epoxy floored 3 car garage.Located within walking distance of the local middle and high schools, the home also offers easy freeway access putting you just minutes from the shopping of La Quinta, the dining and boutiques of El Paseo in Palm Desert, Acrisure Arena, the world-famous Coachella Music Festival, and the iconic charm of downtown Palm Springs.It's all rooted in a city on the rise. Indio is one of Riverside County's fastest growing cities and was recently ranked among the 24 most livable cities in the nation, a place where community, convenience, and quality of life converge.Move-in ready, beautifully upgraded, and just three years young. Homes like this don't last and you have to see this one in person to appreciate all it has to offer. Schedule your private showing today.
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.
