Elevated Desert Luxury at Mountain View Country Club. Experience the pinnacle of La Quinta living in this exceptional residence within the guard gated gates of Mountain View Country Club. Designed for the discerning homeowner, this property offers an unparalleled lifestyle defined by the beauty of the Santa Rosa Mountains and the lush fairways of the Arnold Palmer Signature Golf Course. This jewel of the desert was designed and decorated by Lindy Smallwood Interiors. The three elegant Bedrooms are all ensuites which includes a private entry casita., The Spacious great room with custom built-ins and shelving with under lighting accents surround the dramatic Venetian plaster floor to ceiling fireplace. The wall of glass stacking french doors frame the majestic mountains and the 18th green, with lake and waterfall views. This beautiful living space exemplifies where design and comfort meet. The gourmet kitchen is a chef's dream, appointed with Quartz surfaces and professional grade appliances, ideal for intimate dining or large scale hosting. The primary retreat is a study in tranquility, with the height of elegance to create an atmosphere of total serenity. The luxury spa inspired bathroom with dual vanities and a deep soaking tub to relax after enjoying a day in paradise. The oversized guest suite and casita boasts of privacy and luxury ambiance. The expansive patio and private loggia with elegant outdoor dining area, overlooks the relaxing pool and spa. Social membership is required by every homeowner. Buyer pays $10,000 one time membership fee & mo. dues to enjoy the social hub featuring fine dining, casual dining and an expansive terrace to take in the breath taking views! Wellness & Fitness center, tennis, pickle ball, & bocce ball. Tranquil full service spa. and a myriad of classes & activities. Worry free living: mo. dues cover internet service, cable TV, 24 hr. security, & front yard landscaping maintained.
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.
