83489 Camino Pelicano Coachella, CA 92236
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About this home
Welcome to this beautiful 4-bedroom, 2-bath home offering 2,192 square feet of spacious living in the vibrant community of Coachella. Perfect for first-time buyers or growing families, this property provides comfort, functionality, and the ideal setting to create lasting memories. Step inside to discover an open floor plan that seamlessly connects the living, dining, and kitchen areas -- perfect for family gatherings and entertaining guests. The generous living room invites natural light through large windows, creating a warm and welcoming atmosphere. The kitchen offers plenty of counter space and storage, making meal prep and family dinners a breeze. Each of the four bedrooms provides ample space for rest and privacy, while the two full bathrooms offer convenience for busy mornings. The primary suite features a comfortable layout and ensuite bath, ideal for unwinding after a long day. Outside, enjoy a spacious backyard with endless potential -- perfect for barbecues, kids at play, or even future upgrades like a pool or garden. Located near 48th and Calhoun, this home sits in a family-friendly neighborhood close to schools, parks, shopping, and major roadways for an easy commute. Whether you're purchasing your first home or looking for more space to grow, this Coachella gem checks all the boxes -- comfort, location, and value. Don't miss this wonderful opportunity to own a home in one of the desert's fastest growing areas! Contact me for a private showing!
Source: CRMLS #219137821DA
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Close stress-free in 45 days, handled start to finish by Roam.
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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.