83307 Tourmaline Ave Indio, CA 92201
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About this home
Discover the perfect blend of comfort, convenience, and opportunity in this inviting 4 bedroom, 2 bath home. Located on quiet cul-de-sac. Thoughtfully maintained and move-in ready, this property offers ample space for your family's needs, plus bonus living space with a garage conversion that can be used as a game room, home office, or guest retreat. Step outside to your private backyard oasis featuring a sparkling pool ideal for weekend gatherings, barbecues, or simply relaxing under the desert sun. Inside, the home has been well cared for, ensuring peace of mind for its new owners. Even better, the seller will be paying off the solar panels, providing you with energy efficiency and long-term savings, all included in the purchase price. The location is unbeatable. Nestled just minutes from downtown Indio, this home places you at the center of a community undergoing major redevelopment, adding value and excitement to the area. Families will appreciate the proximity to local schools, while festival goers and investors alike will love the home's closeness to the world-famous Indio Polo Grounds, home to Coachella and Stagecoach. Whether you're a first-time homebuyer looking for a great starter home or an investor seeking a property with redevelopment potential, this home checks all the boxes. With its desirable location, additional living space, and energy-saving solar already paid off, opportunities like this don't come around often. This Indio gem won't stay on the market for long!
Source: CRMLS #219134685DA
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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.