Welcome to this beautifully maintained 3-bedroom, 2-bath home in the highly desirable Bella Vista neighborhood of La Quinta.Just minutes from the renowned Indian Wells Tennis Garden, charming Old Town La Quinta, and a short drive to the upscale shopping and dining of El Paseo, this home offers both convenience and tranquility. With a very low HOA, it represents exceptional value in one of the desert's most sought-after communities.Step inside to a freshly painted interior with brand new carpet in all three bedrooms, while the rest of the home features attractive tile flooring for easy maintenance. The inviting open floor plan is filled with natural light. The spacious living room boasts soaring ceilings, a cozy fireplace, sliding glass doors leading to the patio, and a wet bar--perfectly blending indoor and outdoor living with added entertainment options. An adjacent dining area creates an ideal setting for everyday comfort and entertaining.The primary suite is a serene retreat featuring sliding doors to the patio, an ensuite bathroom with dual sinks, an updated handicap-accessible shower, and a generous walk-in closet. Two additional bedrooms also include walk-in closets, served by a well-appointed hallway bath with an updated handicap-accessible shower.The bright, welcoming kitchen offers a breakfast bar, gas cooktop, built-in double oven, freshly painted wooden cabinetry, and a sunny morning room with patio access.Adjacent to the kitchen is a full-sized laundry room with washer, gas dryer, utility sink, storage cabinets, and direct access to the two-car garage.Enjoy relaxed desert living in the low-maintenance backyard featuring a concrete patio and fruit trees on the west side. Electricity is provided by Imperial Irrigation District (IID), known for lower utility rates.This lovingly cared-for home shines with pride of ownership. Don't miss the chance to experience desert living at its finest--schedule your visit 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.
