Welcome to 7429 Maude Adams Ave, a beautifully maintained 3 bedroom 2 bath home located in the quiet and desirable Hanson Track neighborhood of 29 Palms (just MINUTES from the Joshua Tree National Park East Entrance)! As you step inside you'll notice the lovely open-concept living space complete with earth-toned tile flooring, recessed lighting and large east facing windows that let in an abundance of natural light. The chefs-kitchen is anchored with an oversized island with tile countertops, amble cabinet & counter space, custom cabinetry and stainless steel appliances. This home's neutral color palette makes it extremely versatile for any decor and style. Directly adjacent to the kitchen youll find the formal dining area, additional cabinetry and the access door that leads to the backyard and pool area. The primary bedroom adorns carpeted flooring, a ceiling fan and a sliding glass door for private patio access while the ensuite bathroom includes a single sink vanity with generous counter space & a pocket door that separates the lavatory & walk-in shower. The two additional bedrooms also include neutral carpeting, ceiling fans and share the aesthetically pleasing hall bathroom - complete with a single sink vanity and a shower/tub combo. Not to mention, this home has dual cooling (AC & Swamp), an attached 2 car garage and leased solar panels to keep cost low year round (buyer to assume lease). Outside you'll be delighted to find a fully fenced yard with wood privacy fencing, a large covered patio, an above-ground pool and plenty of space to entertain or relax around a fire-pit on a starry desert night. With close proximity to downtown, schools, shopping, the Tortoise Rock Casino, restaurants and more, all that's missing is you! Come take a look & let this home's charming allure do the rest, your new desert home or weekend retreat awaits!
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.
