42285 Sultan Ave Palm Desert, CA 92211
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About this home
Opportunity Knocks: VA Assumable Loan at an Incredible 2.25%!Discover comfort, charm, and unbeatable value in this inviting two-story condo located in theheart of the highly sought-after Oasis Country Club--affectionately known as one of thefriendliest communities in the desert!Step inside to a light-filled living room featuring soaring vaulted ceilings, a cozy fireplace, and anairy ambiance that instantly feels like home. The thoughtful floor plan includes dual primarysuites--one upstairs and one downstairs--offering flexibility and privacy whether you're hostingguests or creating your own personal retreat. Step out onto the upstairs deck to unwind with aglass of wine and take in the stunning desert sunsets.Love indoor-outdoor living? The spacious back patio is perfect for alfresco dining during theseason, making it easy to enjoy the region's famed winter weather. Whether you're entertainingor simply relaxing under the stars, this is what desert living is all about.Beyond your front door, the gated Oasis Country Club community offers an exceptional lifestyle:● 18-hole golf course with 22 lakes and beautiful desert vistas● 18 pools and spas throughout the community● Pickleball and tennis courts, a putting course, and fitness activities● On-site dining, including the newly renovated Grille and an outdoor patio withbreathtaking mountain views● Dog park, card room, lending library, and more!And here's the best part: this home comes with a VA assumable loan at an incredibly low2.25% interest rate, offering you a rare opportunity to save significantly compared to today'smarket rates.Oasis Country Club isn't just a neighborhood--it's a lifestyle. Come take a tour and see foryourself why so many call this desert gem ''home.''
Source: CRMLS #219131430DA
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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.