Room to breathe, no HOA, and red rock views just down the road -- welcome home to the Verde Valley. The lush, spacious backyard is the standout feature, offering room to garden, entertain, play, relax, or simply enjoy the Verde Valley lifestyle. Conveniently located near everyday shopping, dining, schools, medical services, and the charm of Old Town Cottonwood's restaurants, galleries, boutiques, and tasting rooms. A great opportunity for buyers looking for space, flexibility, and an excellent Cottonwood location. And when the red rocks beckon, West Sedona is just a 20-minute drive up 89A. What truly sets this property apart is the sense of space and privacy. The backyard gives you room to actually live and enjoy the home -- whether that means quiet mornings outside, summer evenings with friends, room for pets, a garden, or simply a private place to unwind at the end of the day. Mature fruit trees and an established chicken coop add a touch of homestead charm -- fresh eggs, seasonal harvests, and a yard that gives back. It is the kind of outdoor setting that makes the home feel larger, more relaxed, and more connected to everyday living. Inside, the home offers a practical and comfortable layout that works well whether you are settling in, spreading out, downsizing, or looking for an easy Verde Valley retreat. There is a sense of warmth and possibility here that is hard to capture in photos alone. From weekend barbecues to peaceful evenings under the Arizona sky, this property offers a relaxed Verde Valley lifestyle. Pair that with a central Cottonwood location and no HOA, and you have a home with broad appeal and lasting value. Homes with this kind of setting, flexibility, and everyday livability are becoming harder to find.
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.
