30700 Avenida Del Padre, Cathedral City, CA 92234
3 beds · 2 baths · 1,563 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Discover a perfect blend of comfort, efficiency, and desert charm in this pristine Cathedral City entertainer and family paradise. Cathedral City is the epitome of desert lifestyle with this home ideally located off Date Palm Dr., perfectly centered between Palm Springs and all other desert cities. Located in a sought-after and quiet neighborhood, this well-insulated home features all new lighting, a spacious living room with mountain views and raised fireplace, creates a cozy yet open atmosphere. The adjacent dining room flows into the large, bright kitchen offering abundant storage, ample counter space, a breakfast bar, and updated stainless steel appliances, making it great for cooking and entertaining friends and family.The expansive primary suite boasts a custom walk-in closet, direct pool and patio access, and a light-filled bathroom with dual vanities, a separate shower, and a relaxing jetted tub. Two generously sized bedrooms and a full bath are thoughtfully positioned on the opposite side of the home, ensuring privacy and comfort. Step out to the large and uniquely designed backyard (huge for the neighborhood) and enter a host's paradise featuring a sparkling pool with new heater (2022) and pump (2024), a gazebo cook station with built-in BBQ, a beverage bar, a hidden dog run, and updated desert landscaping with irrigation, all rounding out this tranquil space perfect for al fresco dining on gorgeous desert nights. Additional highlights include a dedicated laundry room with storage, a two-car attached garage with built-in workbench and extra insulation. With every detail designed for style, efficiency, and convenience, this is your chance to own a true desert oasis at a great price!
Source: CRMLS #219127374PS
Source: CRMLS #219127374PS
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.
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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.