Welcome to one of the most distinctive homes in the prestigious gated community of La Cantera--where timeless design meets elevated desert living. Thoughtfully customized from top to bottom, this residence showcases rich wood-planked ceilings, striking brick fireplace accents, and curated built-ins that add both warmth and character throughout.Designed for both everyday comfort and memorable entertaining, the home features a formal dining room, stylish wet bar, and plantation shutters that complement the refined interior aesthetic. The chef's kitchen is a true showpiece, appointed with premium Thermador stainless steel appliances, generous prep space, and seamless flow into the main living areas.The highly desirable floorplan offers two bedrooms on the main level, including a stunning primary retreat that feels like a private sanctuary. Upstairs, you'll find two additional bedrooms and a spacious loft, along with double French doors that open to a breathtaking balcony--perfect for soaking in sweeping southwest mountain views. Step outside to your own private resort-style backyard, where a large covered patio overlooks a beautifully designed pool with an oversized Baja shelf, spa with dual fire features, and a fully equipped outdoor kitchen. Lush landscaping and mature fruit trees complete this serene outdoor escape, creating a setting that is as inviting as it is unforgettable. Residents of La Cantera enjoy a private, gated setting known for its tranquil streets, scenic surroundings, and pride of ownership. Ideally situated in the heart of La Quinta, this home offers convenient access to world-class golf at nearby courses within PGA West, upscale shopping and dining at Old Town La Quinta, and endless outdoor recreation including hiking, biking, and nearby equestrian trails. Whether you're seeking a full-time residence or a luxurious desert retreat, this location truly captures the best of the Coachella Valley 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.
