Experience modern comfort and thoughtful upgrades in this turnkey home located in Desert Highland Gateway Estates. Step behind the front gate and into a classic Palm Springs stunner where clean lines, warm light, and an inviting flow define this single-story retreat just minutes from Downtown. A spacious, fully fenced yard creates a private, modernist first impression. As you approach the black window-pane door stands like a modern art piece simple, bold, and beautiful guiding you into the stylish entryway. Offering 4 bedrooms and 2 baths across 1,284 sq ft, this home sits on a 7,840 sq ft lot with mountain views and a direct-access 2-car garage. Inside, warm faux tiled floors and soft natural light lead to an open living space where the kitchen, dining, and lounge areas blend effortlessly. Quartz countertops and stainless-steel appliances including a polished 5-burner stove with a minimalist wall-mounted range hood set the tone for modern Palm Springs living. A chic dining bar with dual wine refrigerators adds a touch of retro sparkle. Inside, the four bedrooms and two refreshed bathrooms feature clean subway tile, modern fixtures, and a walk-in rainfall shower for a bright, chic interior. The primary room features updated bathroom with a stylish walk-in shower. Sliding doors open to the backyard, creating that iconic indoor-outdoor connection. The entertainer’s backyard feels like a vintage desert hideaway with a shaded pergola, spa, and relaxed lounge zones. Enjoy a beautifully crafted custom BBQ for effortless, year-round entertaining, perfect for gatherings, dinners under string lights, or simply taking in views of the Aerial Tramway. The front yard is also pre-verified by the City for a pool permit. The home includes smart upgrades such as a 3.6 kW solar system with 10 Trina panels offsetting about 60% of annual electricity use, paired with an LG Chem back-up battery. A commercial-grade Lennox AC system ensures pristine climate control, while the Life Source whole-house filtration system provides purified water throughout. Includes Brinks security system. Located minutes from Downtown you’re surrounded by retro boutiques, iconic dining, art galleries, design shops, and nighttime glam. Minutes from the Palm Springs Aerial Tramway offering a breathtaking cinematic mountain views. Short drive to the Coachella Festival, this home shines as a stylish primary residence, a chic desert escape, or a high-demand Airbnb/STR investment. No HOA or Mello.
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.
