If you have been searching for a home that combines charm, comfort and upgrades that truly matter, this is the one. Nestled in a sought-after gated community with north/south exposure, this nearly 1,800 square foot beauty has been upgraded in all the right places and it shows the moment you walk through the door. Significant investments have been made that will ensure peace of mind for the next owner. New Pella windows throughout and exterior doors replaced in 2025, a new water heater, water softener, and reverse osmosis system in 2023, interior paint and a new refrigerator in 2022 and a new HVAC in 2020. The floor plan itself is wonderfully functional, featuring a grand entry with soaring ceilings, a formal living room, a versatile loft, and an open-concept kitchen and dining are equipped with gorgeous countertops, backsplash, stainless steel appliances, a Delta kitchen faucet, and contemporary walnut cabinetry. Upstairs, the loft creates a natural divide between the guest bedrooms and the serene primary suite with stunning mountain views that greet you every morning and make it hard to ever want to leave. The primary bathroom is equally impressive, offering a double sink vanity, soaking tub, private water closet, and spacious his-and-hers walk-in closets with built-in cabinetry. The backyard is a cozy retreat with a freshly seeded lawn, raised planting boxes and an extended concrete slab ready for a fire pit, BBQ setup, or simply soaking up the sunshine. And with the 202, Skyline Park, the Aquatic Center, and Red Mountain Park just minutes away, world-class hiking, biking, and Arizona's stunning lakes are always within easy reach. Note: Security screens to be reinstalled end of May and missing plantation shutters to be installed in the living room and guest bedroom in June/July 2026.
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.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
