64400 Lema Ct Desert Hot Springs, CA 92240
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About this home
DESERT OASIS LIVING | SPACIOUS CUSTOM HOME | CUL DE SAC | ON THE 7th HOLE | Welcome to your oasis in Desert Hot Springs, California, located right on the 7th hole of the prestigious Mission Lakes golf course. This stunning residence offers a perfect blend of luxury and comfort. Living Space: This spacious home spans 2,896 square feet, featuring expansive rooms bathed in natural light. The open floor plan ensures an inviting atmosphere, ideal for relaxation or entertaining. High ceilings and large windows fill the home with brightness, while the thoughtfully designed layout provides multiple areas for comfort, whether you’re hosting guests or enjoying a quiet evening. Kitchen & Dining: The kitchen is a chef’s dream, complete with ample counter space and elegant cabinetry. It’s perfect for daily meals or hosting grand dinner parties. Storage: The spacious 3-car garage not only accommodates three vehicles but also provides additional storage space. Ample storage options are available throughout the home, including large closets in the bedrooms and additional storage cabinets in the garage. For wine enthusiasts, the home includes a private wine cellar to store and showcase your favorite selections. Certified Pre-Owned: BUY WITH CONFIDENCE! This home has been thoroughly pre-inspected by a licensed home inspector. Buyer provided with the detailed report from the licensed home inspector prior to purchase. In addition, Seller has also agreed to include a premium 12-month Home Warranty! Energy Efficiency: This home is equipped with energy-efficient features that not only enhance comfort but also reduce utility costs. It includes a solar panel system designed to lower your electricity bills and promote sustainable living. Location: Nestled right on the prestigious golf course, this home offers exclusive golf course and mountain views, making it perfect for golf enthusiasts or those who appreciate picturesque scenery. The large 8,712 square-foot lot offers the flexibility to design your dream outdoor space—whether you want a private garden, an outdoor kitchen, or a serene patio for stargazing. Desert Hot Springs is renowned for its relaxing hot springs, making it a desirable location for resort-style living. It’s conveniently located near shopping, dining, and just a short drive from Palm Springs for additional entertainment and leisure.
Source: CRMLS #IG24087247
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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.