52055 Avenida Obregon, La Quinta, CA 92253
3 beds · 2 baths · 1,430 sqft
Location, location, location! 3 BEDROOM / 2 BATH / 1,430 SF / SALTWATER POOL / 2 CAR GARAGE / NO HOA / HEART OF THE LA QUINTA COVE/BRAND NEW A/C SYSTEM. Escape to your own private oasis at the Enchanted La Quinta Cove Retreat, a delightful 3-bedroom, 2-bathroom residence tucked away in the heart of the La Quinta Cove. This home is a Superhost home with a 4.90 rating with nearly 300 reviews on Airbnb. The home features 3 bedrooms, 2 baths, and 1,430 Square feet of living space. The indoor/outdoors living space has been upgraded. The front house courtyard has a garden with a firepit table and bbq and the backyard has an upgraded heated saltwater pool with brand new pool hardware/equipment & spa, along with grape vines and citrus trees with beautiful views of the Santa Rosa Mountains. The pool has a motorized retractable awning that creates shade on the patio and in the pool for those hot summer days. The home features a full kitchen with a shared dining area and a living room. The kitchen features a stove/oven, new stainless steel refrigerator, and updated countertops. The home has an upgraded security system with Google Nest/ADT system. The garage is a very clean 2 vehicle garage with room for the washer and dryer. The yards are extremely well maintained. Brand new A/C as of February 2025. Close to shopping, schools, parks, golf, freeways. This home is 1 mile to the historic La Quinta downtown and 5 miles to the Polo Fields where Coachella, Stagecoach and numerous other festivals happen. The High School is highly rated for the Coachella Valley. Best of all, this home has NO HOA's. Make your Desert dreams a reality by owning this slice of heaven, where every day feels like a vacation. Discover the Enchanted Cove Retreat and experience the ultimate in La Quinta Cove living.
Source: CRMLS #OC24109911
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Why Roam
Lower rates and lower down payments
The only homebuying option for you to put 5% down and get a 5% rate.
Closing guarantee
We can close in 45 days or we’ll pay the seller’s mortgage until we close.
Offer acceptance
95% of offers accepted when made with Roam. 5% accepted without.
Rates and payments are estimates based on public records.
Source: Public records
Source: CRMLS #OC24109911
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.