10981 Santa Cruz Rd Desert Hot Springs, CA 92240
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About this home
Welcome to the neighborhood surrounding 10981 Santa Cruz Rd, Desert Hot Springs, CA — where laid-back desert living meets the natural beauty of the Coachella Valley. Why buyers are drawn to this area: • Positioned in one of the most scenic parts of the city, you’ll enjoy sweeping mountain and desert vistas right outside your door. • A strong sense of space and openness: many homes sit on generous lots, offering privacy and room for backyard amenities. • A true “resort-town” feel — the area is known for its natural hot mineral springs, tranquil ambiance, and easy access to outdoor recreation. • Conveniently located near parks, local schools, and shopping corridors — ideal for both full-time residents and those looking for a second home/retreat. What this location delivers: • A quiet, single-family neighborhood setting that still connects easily with city amenities. • Favourable for buyers using both conventional and VA/FHA financing (per listing details). • A lifestyle that blends sun-drenched desert charm with everyday functionality: central air, attached garages, and a low-maintenance environment. Selling note: Highlight the views, lot size, and the tranquil character of the street, while also underscoring the fact that this address gives the best of both worlds — a peaceful desert-home setting yet within reach of local conveniences
Source: CRMLS #PTP2507985
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.