3534 Penny Ln Palm Springs, CA 92262
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About this home
Great views and a prime location. Plus, a secluded back yard ready made for cool evenings by the fireplace. Modern Desert Dream in Palm Springs -- Style, Sun & Sophistication. Welcome to your private oasis in the heart of Palm Springs -- a modern townhome blending sleek design with sexy comfort. Think: expansive decorative gray tile underfoot, custom kitchen and baths made for entertaining, and views that practically flirt with you from every window. Slide into serenity with a lush green patio perfect for sun-kissed brunches or moonlit cocktails. Upstairs? A spacious, private balcony just waiting for breathtaking view-enjoying lounging or impromptu happy hours. Or, keep the dreamy loft-style library/office -- ideal for your morning espresso or journaling your poolside reflections. Bonus perks include a private, stacked laundry (because who wants to share?), and an attached garage for your convertible -- or just extra storage for pool floaties and fabulous hats. Don't let the current owner's personal flair cloud your vision -- this townhome has amazing bones and is ready for your own touch of glam. Once it's yours, you'll wonder how you ever lived without it. Come see it. Come feel it. Come fall in love. This isn't just a home -- it's your Palm Springs fantasy made real.
Source: CRMLS #219131162DA
Loan details
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Close stress-free in 45 days, handled start to finish by Roam.
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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.