Finding nearly an acre with privacy and mountain views at this price point in Vail is becoming increasingly rare. Positioned at the end of a quiet cul-de-sac in established Vail Ranch, this property offers the space and independence many buyers are seeking. The covered deck provides an ideal setting to enjoy Arizona's open skies and peaceful desert surroundings. Inside, the split-bedroom floor plan offers comfortable separation and functional living, with natural light filling the main areas. The expansive homesite provides flexibility for RV parking, outdoor recreation, or future improvements, creating a rare opportunity to enjoy space, privacy, and the rural lifestyle that makes Vail so desirable. The spacious lot supports a wide range of lifestyle needs, whether accommodating recreational vehicles, expanding outdoor living areas, or simply enjoying the openness that larger parcels provide. The covered deck extends the living space outdoors and offers a comfortable place to relax, entertain, or take in the surrounding mountain and desert views. Inside, the primary suite features a soaking tub, separate shower, and dual vanity, while the split-bedroom layout enhances privacy and everyday functionality. The open living areas provide flexibility suited to both daily living and entertaining. Located within the highly regarded Vail School District and offering convenient access to Tucson employment centers, shopping, and dining, this property provides an ideal balance of rural space and accessibility. Septic system will be replaced prior to closing, providing added value and confidence for the next owner.
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.
