78575 Sagebrush Ave, La Quinta, CA 92253
3 beds · 2 baths · 1,872 sqft
NO HOA! This beautiful home is located in the Gem of the Desert, LA Quinta, California. The home was recently renovated with new flooring throughout, interior and exterior were freshly painted with modern and inviting tones, and new lighting fixtures in interior and exterior. As you enter the living area, you'll be greeted by cathedral ceilings; the family room that flows into an updated kitchen with easy to maintain but yet beautiful quartz countertops and stainless steal appliances. The wonderful floorplan lends itself to inviting conversational areas where you can relax and enjoy a glass of wine by the cozy fireplace. The home is drenched with plenty of natural sunlight. The primary bedroom is spacious and has an en-suite bath with a sunken tub and double-sink vanity features quartz countertops. The home was the builder's home and features many design elements and unique lighting. Entertain in the private backyard with its salt water pool and spa with the relaxing waterfall that is visible from both the kitchen, living room and primary bedroom. The pool equipment was recently updated along with the control system to allow for remote monitoring via phone. There a small park for children located just steps away from the the surrounding community. The home is surrounded by the Desert Cove and adjacent to the PGA West Golf Course, Rancho La Quinta Country Club, and several other golf courses. Conveniently located less than a mile from stores, restaurants, movie theatre, parks and from downtown La Quinta where you will find fine eateries and entertainment. The home is also two miles from the Indio Polo Fields home to Coachella and Stage Coach. Don't miss out on this wonderful opportunity!
Source: CRMLS #V1-27404
Financials
Source: CRMLS #V1-27404
Source: Public records
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%. 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.
Other resourcesWhat 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.