Hip - Turnkey & Fully Furnished Character-Driven 3 Bedroom, 2 Bathroom Home - Located in the heart of 29 Palms, just minutes from shopping, dining, and the world-famous Joshua Tree National Park! Conveniently situated in the Chocolate Drop area of 29 Palms and a short drive from modern conveniences, you'll find this gorgeously designed destination. As you approach the home, you’re greeted by mature landscaping, a shade tree, and a masonry walkway welcoming you in. A beautiful combination of rustic original craftsmanship and modern aesthetics blends seamlessly in this special home. Upon stepping through the door, you’ll discover vaulted ceilings with open beams, custom light fixtures, painted concrete flooring, and thoughtfully curated furnishings and décor! The kitchen was designed with entertaining in mind, opening up to the living and dining areas, allowing you to prepare your favorite meals while still being part of the action. Featuring butcher block countertops, original well-crafted cabinetry, tasteful wood shelving, a rustic wood backsplash, and all necessary appliances, you’re all set to create your culinary delights. Each of the guest bedrooms offers plenty of space, includes generously sized closets, and is outfitted with stylish furnishings and décor. The full guest bathroom enhances the unique hip and rustic vibe, featuring a bathtub, shower, custom wood shelving, and a rustic vanity with a modern bowl sink. Entering the primary bedroom, you’ll find the aesthetic continues, with a primary bathroom that features a beautiful rustic wood vanity and a walk-in shower. Now, in the backyard, you'll discover the reason why people love the desert's outdoor living space. Carefully designed to promote privacy and pleasure, the backyard includes a fire pit, hammock station, outdoor gaming area, and a large expansive covered patio—perfect for outdoor dining, entertaining, barbecues, or simply enjoying a soft desert breeze at the end of the day. Additional features include indoor laundry, a two-car garage, privacy fencing, and so much more! Don’t miss out on this lovely opportunity; book 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.
