Welcome to this beautifully maintained home in the highly desirable gated community of Parc La Quinta. Situated on an oversized corner lot, this spacious residence offers the perfect blend of comfort, functionality, and desert lifestyle living. Featuring approximately 2,004 square feet of living space, the home boasts an open and inviting floor plan, generous living areas, and seamless indoor-outdoor living ideal for entertaining or relaxing poolside.The private backyard retreat is designed for true desert living, featuring a sparkling pool and spa, breathtaking mountain views, and mature landscaping that creates a sense of privacy and tranquility. Whether you're taking in the surrounding mountain scenery or entertaining family and friends under the desert sky, this outdoor space offers the perfect balance of openness and seclusion.Inside, you'll find spacious bedrooms, well-appointed bathrooms, and a layout designed for both everyday living and hosting guests.Parc La Quinta is a charming gated neighborhood known for its central location and low HOA dues. Residents enjoy convenient access to premier golf courses, hiking and biking trails, shopping, dining, and entertainment throughout La Quinta and the surrounding desert communities. Located just minutes from Old Town La Quinta, homeowners can enjoy boutique shopping, local restaurants, community events, and the popular farmers market. Outdoor enthusiasts will appreciate nearby recreation opportunities at Fritz Burns Park and the Fred Wolff Bear Creek Nature Preserve. The home is also ideally situated just minutes from the world-renowned Indian Wells Tennis Garden and Acrisure Arena, offering year-round access to professional tennis tournaments, concerts, sporting events, and live entertainment. Everyday conveniences, including grocery stores, shopping centers, and dining options, are all within easy reach, making this location one of the most desirable in the Coachella Valley.Whether you're searching for a full time residence, seasonal getaway, or investment opportunity, this exceptional La Quinta property offers the best of desert living in one of the area's most convenient and sought after locations.
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.
