Some homes offer square footage. This one offers a way of life.Set within the sought after Four Seasons at Terra Lago, this 3 bed, 3 bath + den retreat spans 2,411 sq ft and was designed with intention at every turn. Dual en-suite guest rooms offer privacy and comfort, while the flexible den invites whatever suits your season of life. A personal favorite feature: the laundry room connects directly to the primary bedroom walk-in closet, a small detail that makes everyday living feel effortlessly luxurious.Outside, a private saltwater Spool that is heated, chilled, and fitted with therapeutic jets and a serene water feature, anchors a backyard built for pure relaxation. The north facing orientation is a prized desert advantage: natural shade, cooler temperatures, and energy savings that make summer living a pleasure rather than a chore.The community matches the home in every way. At its center stands The Lodge, an expansive 22,000 sq ft clubhouse with a state of the art fitness center, indoor lap pool, aerobics and yoga studio, arts and crafts studio, full service beauty salon with massage room, library lounge, game room, billiards lounge, and bistro.Step outside and the resort experience continues with a pool and spa, patio, fire pit, tennis and pickleball courts, bocce ball, horseshoes, and basketball. Two championship 18-hole courses at the Golf Club at Terra Lago are right next door and Beyond the gates, the Coachella Valley delivers in every direction. Just minutes away, Fantasy Springs Resort Casino offers live concerts, dining, bowling, and gaming and the surrounding mountains and canyons are laced with hiking and biking trails for those who love the outdoors. Easy freeway access puts you just minutes from the shopping and dining of Palm Desert, the energy of Acrisure Arena, and the iconic charm of downtown Palm Springs. Whether you're browsing the galleries of El Paseo, catching a world-class show, or simply enjoying a quiet dinner close to home, everything you need is within easy reach. This is 55+ living, beautifully redefined.
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.
