51334 Longmeadow St Indio, CA 92201
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About this home
Shows like a model home! This spectacular home is located in the 55+ section of the community that's a short distance to the clubhouse and community amenities. This rarely available Monaco model with 1623SF has 2 bedrooms and 2 bathrooms is loaded with over $100,000 of upgrades and exceptional curb appeal. The home features solar power with about 10 years remaining on prepaid lease. The eat in Kitchen includes top of the line GE Monogram refrigerator and appliances. Elegant finishes include granite countertops/island, custom backsplash, and upgraded soft close cabinets with abundant storage. The open living space includes great room, dining room, den, and kitchen. Access the patio and rear yard from a large rolling wall of glass. The home features recessed lighting, designer tile flooring throughout primary living areas in home, upgraded carpet in bedrooms, designer 2 tone paint finishes and more! The primary bath has an oversized tiled shower with bench, dual sinks, and quartz countertops. The backyard features a covered patio and custom landscaping for the perfect desert oasis. Enjoy mountain views from the rear yard. If you choose to become a member of the clubhouse, club amenities include tennis/pickleball courts, fitness center, resort/lap/fitness pools & spa, poker/billiards room & artisan studio. Community also features putting green, bocce ball court, large chess game area, and walking trails.
Source: CRMLS #219132867DA
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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.