40637 Calle Balderas, Indio, CA 92203
2 beds · 3 baths · 2,230 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Reduced - One of the Lowest price per square foot Homes in the community. Beautiful & spacious dream home in Sun City Shadow Hills, a highly desirable 55+ gated community. The Castellano floor plan is 2,230 sq. ft. Owner has recently refreshed the interior with new paint, new carpet in bedrooms, side concrete walkway, new garage A/C, garage paint & decorative coating on the floor. Two spacious bedrooms, 2.5 bathrooms & 2 bonus rooms - currently used as dining and office. Enjoy crown moulding details. The kitchen is a chef's delight, boasting beautiful wood cabinetry, granite countertops, stainless steel appliances & a large center island that is perfect for entertaining. The primary bedroom is a private retreat featuring a large walk-in closet & luxurious en-suite bathroom with dual vanities, shower & soaking tub. At the opposite side of the home is a second bedroom that offers plenty of space for guests. Outdoors, you will enjoy a private backyard with a covered patio, grassy area & putting green. The home also includes an attached 2-car plus golf cart garage. This home comes with an owned solar system to potentially save on electricity. Sun City Shadow Hills has low HOA dues, giving access to incredible amenities: two 18-hole golf courses, indoor-outdoor pools, fitness centers, tennis courts, pickleball, bocce ball, and numerous clubs and activities. The community is close to shopping, dining, and entertainment, making this the perfect place to enjoy the best of 55+ living. Some Furnishings and golf cart negotiable.
Source: CRMLS #219122573DA
All values shown are estimated costs / mo.
Source: Public records
Source: CRMLS #219122573DA
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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 of Equal Opportunity Act.