2222 E Wayne Rd Palm Springs, CA 92262
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About this home
Contemporary open-concept Palm Springs pool home showcasing rare 2003 construction in Desert Park Estates. This exceptionally light filled and private residence with 8-foot doors and soaring 10-foot ceilings throughout is a beautiful example of Palm Springs living: stylish, comfortable, and inviting.The property is fully walled for privacy, and once you step through the front gate, you're transported to your own private oasis. The large front courtyard and backyard pool and spa area with newly tiled surfaces, offer multiple spaces for lounging, relaxing, and entertaining, all complemented by a freshly painted exterior. Redesigned desert landscaping provides water efficiency while maintaining a sizable patch of grass for greenery and enjoyment. A tall privacy hedge at the front creates an additional courtyard living area that's ideal for outdoor entertaining.At the heart of the home, the expansive great room features a beautiful fireplace, soaring ceilings, and a triple panel of glass sliders that open to the pool and raised spa. The open-concept layout includes distinct, well-planned living, dining, and kitchen areas, with the kitchen offering tiled counters, a breakfast bar, and a large pantry.Inside, the home is light and bright, enhanced by fresh interior paint that highlights the open design and generous natural light throughout. The spacious primary suite features a beautifully appointed bathroom with dual sinks, a step-in tiled shower, a stand-alone soaking tub, and a walk-in closet with a large picture window framing views of the lush backyard. A second patio off the primary suite provides a private lawn area perfect for pets. The suite is joined by a guest bedroom, a third bedroom, and a newly constructed fourth bedroom ideal for an office or den.Additional highlights include 2.5 bathrooms, a separate laundry room, and an attached air-conditioned three-car garage with a split unit. Your energy costs are kept low with 14 owned and 34 leased solar panels at $203 per month. Thoughtfully oriented to capture mountain views, this home offers ideal spaces for both sun and shade. A truly happy and comfortable residence designed for serenity, privacy, and effortless Palm Springs living. Your desert oasis awaits!
Source: CLAW #25594903PS
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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.
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