COME SEE this beautifully updated desert retreat in person. Located in the GEM OF THE DESERT, La Quinta, this beautifully updated home offers the perfect blend of comfort, style, and convenience -- with NO HOA! Recently renovated, the home features new flooring throughout, fresh interior and exterior paint in modern designer tones, and updated lighting fixtures inside and out.Step inside to soaring cathedral ceilings and an inviting open-concept layout designed for both relaxing and entertaining. The spacious family room flows seamlessly into the updated kitchen, complete with beautiful quartz countertops, stainless steel appliances, and plenty of workspace for everyday living and gatherings alike. Natural light pours throughout the home, creating a warm and welcoming atmosphere. Cozy up by the fireplace or enjoy seamless indoor-outdoor living with views of the backyard oasis from multiple rooms.The spacious primary suite features an en-suite bath with dual vanities, quartz countertops, and a luxurious sunken soaking tub. Originally the builder's home, this property showcases unique architectural details, custom design elements, and distinctive lighting throughout.Enjoy resort-style living in the private backyard featuring a saltwater pool and spa with a tranquil waterfall feature visible from the kitchen, living room, and primary bedroom. Pool equipment and control systems have been recently upgraded, allowing convenient remote access and monitoring from your phone.Ideally located near a neighborhood park and surrounded by premier desert destinations including PGA West and Rancho La Quinta Country Club, this home is also less than a mile from shopping, dining, entertainment, parks, and charming Old Town La Quinta. Plus, you're just minutes from the famous Empire Polo Club, home of Coachella Valley Music and Arts Festival and Stagecoach Festival.Don't miss this incredible opportunity to own a beautifully upgraded desert retreat in one of the area's most desirable locations! SELLER MOTIVATED TO SELL!
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.
