Nearly a full acre (.91) at the end of a quiet cul-de-sac with all paved road access, public water, and quick I-10 connectivity, offering the perfect blend of space and convenience. This move-in-ready Vail property features major recent updates including a new roof (2025), newer HVAC (2024), fresh flooring, new bedroom carpet, interior paint, and a rebuilt covered deck with mountain views. Enjoy the privacy and flexibility of acreage living while staying less than two miles from grocery shopping, dining, and everyday essentials, with easy freeway access putting Tucson, Rita Ranch, and the airport within a reasonable drive. Room for toys, pets, hobbies, and future possibilities--all without sacrificing daily convenience. What makes this property especially appealing is how naturally it balances space, convenience, and everyday livability. The nearly one-acre homesite offers the flexibility buyers are often searching for--room for pets, trailers, recreational vehicles, work vehicles, hobbies, or future workshop ideas--while still maintaining a layout that feels manageable and easy to enjoy day to day. The rebuilt covered deck adds meaningful outdoor living space and creates the perfect setting for morning coffee, relaxing evenings, mountain views, Arizona sunsets, or entertaining guests. It feels less like extra exterior space and more like a true extension of the home's living area. Inside, the fresh luxury vinyl plank flooring in the main living areas, brand-new bedroom carpet, and interior paint help the home feel clean, updated, and move-in ready. The split-bedroom floor plan adds flexibility for guests, work-from-home needs, hobbies, or simply comfortable everyday living with better separation between the primary suite and secondary bedrooms. For buyers considering acreage, the combination of all paved access, public water, nearby shopping, and quick freeway connectivity adds an extra layer of practicality that can be hard to find in this price range. It allows you to enjoy the privacy and breathing room of Vail living while keeping daily errands, commuting, and city access simple and efficient. The recent 2025 roof and 2024 HVAC also help reduce immediate maintenance concerns, making this an easier transition for buyers who want land and lifestyle without starting with a major project.
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.
