***Assumable Mortgage at 2.343%***Welcome to this beautifully maintained and light-filled 2-bedroom, 2-bath single-level patio home nestled in the heart of Sun City's premier active adult community. This popular Del Webb floor plan offers an open, airy layout with updated neutral gray and white tile flooring throughout, creating a clean, modern feel that complements any style. The spacious living room flows seamlessly into the kitchen, featuring granite countertops, ample cabinetry, and excellent natural light perfect for everyday living or entertaining. Both bedrooms are generously sized, and the home offers exceptional storage throughout, including carport storage and a huge indoor laundry room with washer and dryer included. One of the standout features is the enclosed Arizona Room, ideal as extra living space, a home office, hobby or craft room, or a peaceful spot to enjoy your morning coffee. From there, step out to a covered and tiled patio overlooking a lush green backyard with mature fruit trees, offering a serene and private outdoor retreat rarely found in patio homes. Enjoy peace of mind knowing the main sewer line has been replaced and the roof is newer. Solid cinderblock construction helps keep the home cool and energy-efficient year-round. Located just 0.3 miles from Fairway Recreation Center and within walking distance to Sun Bowl, live music, golf courses, shopping, dining, and entertainment, this location is hard to beat. Pets welcome. HOA does not allow rentals, preserving the integrity of this well-kept community. Updated, spacious, and ideally located this Sun City gem is truly move-in ready and ready to be enjoyed.
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.
