This spacious 3-bedroom, 2-bath home sits on a large corner lot and offers incredible views of the surrounding mountains near Joshua Tree National Park. As you approach the property, you’ll appreciate the mature desert landscaping and the abundance of parking. A concrete driveway leads to the attached two-car garage, while a side yard with a drive-through gate provides convenient RV parking with hookups along with plenty of additional space for trailers, vehicles, or desert toys. Before entering the home, you’ll pass through a gated front entry that creates a private courtyard, perfect for enjoying a quiet cup of coffee in the morning. Inside, the home welcomes you with beautiful vaulted tongue-and-groove ceilings in the living room and large banks of windows that bring in natural light and showcase the stunning mountain views. The open floor plan allows the living room to flow seamlessly into the dining area and kitchen, creating a comfortable and functional layout for everyday living and entertaining. The remodeled kitchen features butcher block countertops, a stylish backsplash, stainless steel appliances, and an island, along with an office desk space just off the kitchen. Nearby, a multipurpose room serves as both the laundry area and additional pantry or storage space. The primary bedroom is generously sized and offers ample closet storage. The ensuite bathroom has been remodeled and includes a new vanity and a stylish walk-in shower. The two additional bedrooms are both spacious, and the conveniently located guest bathroom has also been updated and features a shower-tub combo. The attached two-car garage includes an additional storage room, providing even more space for tools, equipment, or hobbies. Outside, the fully fenced backyard offers flat, usable space with beautiful views, along with two storage sheds, RV hookups, and a cross-fenced area that creates a large dog run. This home is ideally located close to downtown Joshua Tree, just down the street from Joshua Tree Elementary School, with the bus stop conveniently located right at the corner of the property. Homes with this combination of views, space, RV parking, and location are hard to find—schedule your showing today and come experience everything this property has to offer.
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.
