35200 Cathedral Canyon Dr # C24 Unit C24 Cathedral City, CA 92234
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About this home
Experience the allure of Canyon Shore, a gated community that combines resort-style living with serene lagoons, fountains, and picturesque walking trails. This beautifully maintained 2-bedroom, 2-bath lower-level condo features a well-kept kitchen with a breakfast bar, a spacious dining area, and a large living room perfect for entertaining or relaxing. Step out onto the patio to find one of the community’s 5 pools, perfectly positioned for both convenience and privacy. Retreat to the spacious master suite and enjoy access to the clubhouse and gym. The community offers 7 tennis courts (4 lighted), a Pickleball court, 5 pools, 7 spas, and two dry saunas. Ideally located near Cathedral City’s entertainment district, restaurants, and a casino, this home includes one covered parking spot, ample guest parking, and an HOA that covers water, trash, and maintenance. Don’t miss your chance to own a slice of paradise!
Source: CRMLS #IV25192211
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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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