Welcome To This Updated And Expanded Shasta Model Home In Sun City, Arizona. This Home Offers Exceptional Space, Thoughtful Upgrades, And A Floor Plan Designed For Comfort And Entertaining. One Of The Standout Features Is The Large Bonus Room Addition At The Back Of The Home, Complete With Its Own Dedicated AC Unit For Year-Round Comfort. The Primary Bedroom Has Also Been Expanded, Creating A More Spacious Retreat And Adding A Walk-In Closet In Addition To The Original Closet. Car Enthusiasts And Hobbyists Will Appreciate The Additional Garage Space With Its Own Garage Door, Providing Extra Storage, Workspace, Or Parking Options. Inside The Home, You Will Find Luxury Vinyl Flooring Throughout, With Ceramic Tile In The Bathrooms And Utility Room. Dual Pane Vinyl Windows Improve Energy Efficiency And Comfort. The Wall Between The Kitchen And Living Room Has Been Removed, Creating A Bright Open-Concept Layout That Enhances The Flow Of The Home. The Living Room Features A Custom Media Wall Large Enough For A Big Screen TV And Surround Sound System, Making It Perfect For Movie Nights Or Entertaining Guests. The Chef's Kitchen Has Been Thoughtfully Upgraded With Additional Cabinetry, Soft-Closing Drawers, Stainless Steel Appliances, And A Gas Stove. A Large Eat-At Bar Seating Area Adds Extra Dining Space And Makes The Kitchen A Natural Gathering place. Throughout The Home You Will Notice Smooth Ceilings (Popcorn Removed), Recessed Lighting, And Ceiling Fans In Every Room, Creating A Modern And Comfortable Living Environment. The Utility Room Is Heated And Cooled And Features Matching Cabinetry, Offering Excellent Storage And Functionality. Both Bathrooms Have Been Tastefully Updated With Walk-In Tiled Showers, Floor-Mounted Toilets, And Modern Vanities. Step Outside To A Beautifully Landscaped Backyard Featuring Concrete And Paver Areas, Perfect For Relaxing Or Entertaining. Golf Lovers Will Enjoy The Private Chipping And Putting Green, Ideal For Practicing Your Short Game Anytime. This Home Combines Expanded Living Space, Modern Updates, And Unique Lifestyle Features -- Making It A Truly Special Opportunity In Sun City.
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.
