40714 Ophir Canyon St Indio, CA 92203
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About this home
Welcome to Sonora Wells - one of only two North Indio communities to offer a community pool & spa. Be able to take a dip in the pool without having to worry about the cost of maintaining one! Indio is one of Riverside County's fastest growing cities and North Indio is exploding with growth! This home is located just minutes from the Coachella Valley's ONLY night golf course, local hiking trails, casinos, dining and shopping! This beautifully maintained home boasts an open floor plan with high ceilings giving the home an incredibly spacious feeling and is perfect for entertaining. The kitchen includes a large island and plenty of storage, while the dining room, living room, and kitchen flow seamlessly together. The tandem 3 car garage allows you space for two vehicles and plenty of storage and your sure to enjoy the outdoor living space with a covered patio, mature landscaping to ensure your privacy, and a custom firepit to enjoy those beautiful desert nights.This community is known for it's activities throughout the year with community movie nights, holiday festivities and more. Location is everything and Indio is the place to be! This home is just minutes from the revitalized downtown area with a brand new community college, City Hall building, and public library, as well as popular eateries like Gabino's Creperie, Taphouse, Italica, and more! With easy freeway access, you'll be just a quick drive to the entertainment of the Coachella Valley's newest venue, Acrisure Arena, the shopping and dining of La Quinta and Palm Desert, as well as the nightlife of downtown Palm Springs. The world famous music festivals are less than a 10 minute drive as well and the Desert Sands Unified School District's newest Elementary School is walking distance! This home has it all! Come see for yourself and discover why Indio is the place to be!
Source: CRMLS #219133224DA
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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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