Welcome to resort living in the highly sought-after Four Seasons at Terra Lago, a guard-gated 55+ community in Indio. This beautifully upgraded single-level residence offers 2 bedrooms, 2 bathrooms, and a den that can easily serve as a third bedroom, all perfectly situated on one of the community's most desirable and private lots--a cul-de-sac corner location with a dog park conveniently located just across the street. Inside, soaring ceilings and abundant natural light create a bright, open atmosphere. The chef's kitchen is both stylish and functional, featuring quartz countertops, rich shaker cabinetry, custom glass tile backsplash, stainless steel appliances, a spacious walk-in pantry, and a large eat-in island. The open-concept design flows seamlessly into the dining area and great room, where a cozy gas fireplace creates the perfect gathering space for family and friends. The private primary suite is thoughtfully separated from the guest wing and offers a spa-inspired bath with a soaking tub, glass-enclosed shower, dual vanities, and generous storage. A spacious secondary bedroom and full guest bath are located on the opposite side of the home, providing comfort and privacy for visitors. Luxury vinyl plank flooring, recessed lighting, ceiling fans, and an indoor laundry room complete the interior. A rare 3-car tandem garage offers exceptional storage and flexibility. Step outside to your own private desert oasis featuring a saltwater pool and spa, low-maintenance landscaping, and peaceful mountain views. Whether enjoying a quiet morning coffee or hosting an evening gathering under the stars, this backyard was designed for relaxation and entertaining. Even better, this home includes an assumable VA loan with an interest rate under 3%--an extraordinary opportunity in today's market. Beyond your front door, Four Seasons at Terra Lago delivers a true resort lifestyle. Residents enjoy indoor and outdoor pools, a state-of-the-art fitness center, billiards room, library, tech center, ballroom, board room, salon, dance studio, tennis, pickleball, and a vibrant calendar of social activities--all included with a remarkably low HOA. Ideally located near Spotlight 29 Casino, Fantasy Springs Resort Casino, the Coachella and Stagecoach festival grounds, and championship golf at Eagle Falls Golf Course and The Golf Club at Terra Lago. You're also just minutes from the upscale shopping and dining of El Paseo Shopping District and the charm of Old Town La Quinta.
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.
