67720 Ovante Rd, Cathedral City, CA 92234
3 beds · 2 baths · 1,728 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your modern oasis at Ovante Road in the heart of the valley. This practical and stylish home of thoughtfully designed living space, featuring three spacious bedrooms that provide comfort and versatility for any lifestyle. Step inside to discover a home that seamlessly blends functionality with contemporary charm. The open floor plan invites you to explore the expansive living areas, perfect for both relaxation and entertaining. The kitchen is a chef’s delight, equipped with ample storage and counter space, ensuring meal preparation is a breeze. One of the standout features of this property is its dual solar system, combining both leased and owned solar panels to enhance energy efficiency and reduce utility costs. Car enthusiasts will appreciate the generous three-car garage, offering plenty of room for vehicles and additional storage. Venture outside to your private backyard retreat, where a putting green awaits golf enthusiasts. The patio area is an entertainer’s dream, complete with a sparkling pool and spa, ideal for hosting gatherings or enjoying a quiet evening under the stars. This home is a perfect blend of modern amenities and practical living, offering everything you need to enjoy the California lifestyle.
Source: CRMLS #SR25019902
Source: CRMLS #SR25019902
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.