71578 Florida Dr Twentynine Palms, CA 92277
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About this home
Very nice 3 bedroom, 2 full bath home with a bonus room that can be used as office, den, studio or other. As you enter the home you are greeted with an open floor plan that flows from the living area to dining area with great light and then to a gallery kitchen which is well appointed with a large pantry, gas stove and a dishwasher. There is a bonus room on the front of the home and three additional bedrooms set into a really nice layout. The primary bedroom features not one but two walk in closets, a glass slider to the back yard and an ensuite bathroom. The laundry area is in the interior of the home as well. A two car garage, a well manicured front yard with a nice covered porch and a large back yard enclosed with block walls for privacy complete the property. The home is cooled with central air conditioning and kept warm with central heat or enjoy the nice fireplace in the living room. The city of 29 Palms is growing with new businesses including a resurgence in the downtown area with a new city center named Freedom Plaza which hosts events, a weekly farmers market and a cultural visitors center featuring history of the area. Great restaurants like The Grnd Squirrel, Kitchen of the Desert and the newest 29 Palms Brewery are all near by. The home is also a great jump off point to area destinations. The main entrance to Joshua Tree National Park is only 8 miles from the home. The 29 Palms Marine Corps base is less than 8 miles away. Downtown Joshua Tree is less than 15 minutes down the road. Big Bear Lake and it's mountain ski resorts are only about an hour and 15 minute drive and Palms Springs is less than an hour away.
Source: CRMLS #JT25105767
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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.
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