Your own private pool with a waterfall feature -- welcome to Encore at Eastmark! This gorgeous home delivers the Arizona lifestyle you've been waiting for. The sparkling pool with cascading waterfall is pure resort living, right outside your door. An effortless open floor plan flows between the kitchen, dining, and living areas - ideal for quiet mornings and lively gatherings alike. The kitchen impresses with rich dark wood cabinetry, granite countertops, and a generous center island perfect for cooking or entertaining. A formal dining room flexes beautifully as a den, office, or hobby room. The thoughtfully designed primary suite is generously sized. The guest bedroom has a walk-in closet. The third bedroom currently serves as a home office but easily converts to a guest room or den. The guest bedroom is adjacent to the second full bathroom. There is plenty of storage available with an extended garage, large laundry room and a space in the garage entry to add cabinetry. Rarely available, this sought-after London model offers flexibility and adapts easily to your lifestyle. Encore offers more amenities than we can list, but a few favorites: pickleball courts with play for every level, from beginner to competitive 4+; tennis courts; bocce ball; a breakfast and lunch café; billiard room; craft and art studio; gym; movement room; media area; community library; ping-pong room; and card & game rooms. A new heated pool and spa are under construction and will be completed this Fall. Encore has private, paved, HOA maintained walking trails where you can walk for miles without ever leaving the Encore neighborhood. Residents of Encore also have access to many of the amenities of the Eastmark community with the exception of their pool and clubhouse. Eastmark has duck and turtle ponds, fishing ponds, disk-golf, a skate park, an outdoor amphitheater with first Friday concerts and food trucks as well as a Saturday Farmers Market when weather permits. A state of the art library was completed in December and it's walking distance from Encore. Many shopping and dining options are just a walk or short drive away. ****PLEASE NOTE THAT ENCORE AT EASTMARK DOES NOT PERMIT SHORT TERM RENTALS LESS THAN 180 DAYS.
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.
