41396 Farmer Ct Indio, CA 92203
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About this home
Don't miss this exceptional Family Home in the Gated Community of Foxstone, This almost 3000 Sq Ft Executive Pool Home has plenty of room for a growing family! 40' x 12' gated Rv/Boat Parking!, Designer Hardscape, The Pool has Fountain Water Features and a raised Spa! The covered patio is equipped with a Commercial Grade High Pressure Mist System! Mature Fruit Trees bear an abundance of Lemons and Grapefruits! Beautifully Landscaped with Desert Flora! Brand new 5-Ton Air Conditioner! Tesla Solar lease saves hundreds on electricity! Large Kitchen with Island!, Separate Formal Living and Dining Room! Separate Family Room! Individual Laundry Room! Executive office that can be converted to a bedroom if needed! Huge Master Suite with French Doors leading the the Pool Deck! 3rd and 4th Bedrooms can be combined into a Bedroom/Retreat. Neighbors have opened the attic and added an additional 900-1000 Sq Ft on a second level, giving this home the potential for almost 4000 Sq Ft in total! Seller is Motivated due to age and desire to downsize! Foxstone Community is a gated paradise where pride of ownership abounds!
Source: CRMLS #OC25190554
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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.