57838 Sunny Sands Dr Yucca Valley, CA 92284
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About this home
Welcome to your dream project in the heart of Yucca Valley, on the cusp of Joshua Tree! This nearly complete fixer-upper is a golden opportunity for those with a vision, offering the perfect canvas to create your ideal desert retreat or a lucrative rental property. Situated just minutes away from the breathtaking landscapes of Joshua Tree National Park, this property boasts a prime location that seamlessly blends tranquility with convenience. Nestled on the border of Joshua Tree, you'll find yourself immersed in the beauty of the desert, with the national park as your backyard. Spanning over 5 acres of expansive land, the potential for this property is as vast as the desert views it commands. Imagine the possibilities of creating your own oasis, surrounded by the unique flora and fauna that make this region so special. The large detached garage provides ample space for your vehicles, workshop, or even converting it into an additional living space. Step inside, and you'll be greeted by a massive bedroom that holds the promise of comfort and relaxation. The open layout allows for creative freedom in designing a space that suits your lifestyle. With the hard work already underway, this fixer-upper invites you to add your personal touch and transform it into a haven that reflects your taste and style. Whether you envision it as a private desert escape or an income-generating rental property, this project is an investment in both your lifestyle and your future. Embrace the opportunity to be part of the vibrant community, close to local restaurants and shopping, while still enjoying the peace and serenity of the desert landscape. Seize the chance to make your mark on this nearly completed gem in Yucca Valley, where the magic of Joshua Tree is at your doorstep. The possibilities are as endless as the desert horizon ? make this your own slice of paradise!
Source: SANDIEGO #PW25214096
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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.