83810 Collection Dr, Indio, CA 92203
3 beds · 2 baths · 1,748 sqft
PRIME INDIO LOCATION! You will love where you live because of the close proximity to Stores, Restaurants, Hiking Trails, Golf Courses, the 10 FWY, Casinos, World-Renowned Shopping, Coachella Fair Grounds and MUCH MORE! This is your chance to own your piece of Indio, a growing city, with tons of future planning developments in the works for the community. Not only is this home in a prime location, but it is also within a respectable HOA community, providing a secured access gated community for the residents and the most discreet Buyer. This Spanish Style, One-Story Home is FULLY LOADED and everything that a modern Buyer would dream of! 3 Car Garage, Covered Outdoor Patio with Ceiling Fans, Mid-Sized Backyard with Concrete and Grass Perfect for Low Maintenance, Formal Foyer, Kitchen Open to the Living and Dining Room, Laminate and Tile Floors, 2 Sliding Glass Door Exits/Entry, Massive Primary Suite and En-Suite Bathroom, ALL Bedrooms Are Spacious, Dual Sinks in Bathrooms, All Appliances: Refrigerator, Built-in Microwave, Electric Oven, Dishwasher, Washer and Dryer are INCLUDED! Seller invested many upgrades to perfect this home, contact Listing Agent for upgrades list. May be able to be sold partially furnished. Come to the Open Houses and book your tours before this excellent opportunity passes you by! Loan Assumption Opportunity! Buyer to assume a 3.00% Fixed Interest Rate! ASSUMABLE FHA Loan! NO MELLO ROOS with Low HOA Fees. Where else can you find a rent or payment less than $2,000 per month for a home like this? ONLY OPPORTUNITY IS HERE! Make this your HOME!! Stop renting and paying 100% variable interest when you can OWN THIS HOME AT 3.00% FIXED interest!! Must be Owner Occupant and qualify through the seller's lender/lienholder.
Source: CRMLS #CV24207825
Financials
Source: Public records
Source: CRMLS #CV24207825
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.