This stunning Estate model features 4 bed + den, 3 bath embodies the Vistancia lifestyle people move to AZ for! This home shows pride of ownership by the original owners! From the moment you drive up, the gorgeous curb appeal welcomes you home. This home is perfect for entertaining, as your guests enter your home, they will be wowed by first impressions...real hickory wood flooring, gorgeous wood and wrought iron staircase and wood shutters. This thoughtful floorplan features a formal living room, dining room, great room, breakfast nook and large upstairs loft. One bedroom and full bath are downstairs, making this an ideal guest room! Skip the commute, this den features a custom built in work space, perfect for working at home! Whip up your favorite recipes in the fully remodeled kitchen with a coffee bar, SS appliances, wine fridge, backsplash, pendant lights, gorgeous cabinets with molding, large island and Alpine granite. This home is upgraded with surround sound, ceiling fans, solar screens and custom lighting throughout the home. Perfectly situated on a N/S lot with no immediate neighbors behind you or to the right of you! Step outside to experience the stunning backyard oasis equipped with a beautiful rock waterfall pool and spa, artificial turf, pavers and view fencing. Create memories while grilling dinner, splashing in the pool and laughing over funny stories. As the day comes to an end, unwind in the spa or soak in the primary retreat tub. Take in the amazing AZ sunsets from your backyard or on the balcony off the primary bedroom. This home is truly special and you will feel that everyday here. Located in the award winning master planned community, Vistancia, you will have access to all Vistancia amenities; 3 pools, water slides, pickleball courts, tennis courts, playgrounds, parks, golf, indoor basketball gymnasium, and 3.5 mile discovery trail. Close to 303 freeway, shopping and dining! What are you waiting for, this home has been set aside for you!
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.
