Seller has reduced the price for a quick sale! This home comes with a truly rare advantage in today's market: an assumable 2.75% VA loan with an approximate $300,000 balance--and you don't need to be a veteran. The seller is releasing their entitlement, giving a qualified buyer the chance to step into an ultra-low interest rate that simply doesn't exist anymore and an opportunity you don't want to miss. In a world of high monthly payments, this alone is a game-changer.Tucked inside the gated Desert Collection in North Indio, this home feels instantly welcoming. With 2,273 sq ft, 3 bedrooms, and 3 full bathrooms, including two private suites, the layout is ideal for hosting guests, multi-generational living, or simply having space to breathe. The primary suite is your personal retreat--complete with dual vanities, a soaking tub, walk-in shower, and a generous walk-in closet. The kitchen is made for gathering, featuring granite countertops, warm wood cabinetry, and a breakfast bar where mornings naturally linger a little longer.Out back is where desert living truly shines. A private pool and spa, a covered patio for outdoor dining, and glowing sunset skies set the scene whether you're entertaining friends or enjoying a quiet evening at home. Located in a fast-growing North Indio neighborhood with low HOA fees, no Mello-Roos, and easy access to I-10, shopping, and schools, this home blends comfort, value, and opportunity in a way that's hard to find.This isn't just a house--it's smart living, smart financing, and a place you'll love coming home to. Schedule your private tour before someone else locks in this rare advantage.
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.
