Experience single-level living on over an acre with the freedom of no HOA in North Phoenix, where panoramic mountain views create a stunning backdrop for everyday life. The backyard is designed for relaxing and entertaining with a sparkling pool, ramada with outdoor kitchen, paver patios on two levels, and a turf play area--perfect for enjoying Arizona's beautiful weather. A raised garden adds charm, while the expansive property offers endless possibilities. Through the 20' rolling gate, you'll find additional space ready for your vision--whether it's a shop, RV garage, casita, horse setup, or the ultimate backyard retreat. Inside, the flexible open-concept floor plan offers comfortable living with four bedrooms and three full baths, 14' ceilings and solid alder doors throughout, plus wood shutters in most rooms. The kitchen has warm hickory cabinets, granite countertops, stainless steel appliances, a spacious walk-in pantry, breakfast bar, and eat-in dining area with mountain views. It flows seamlessly into the family room, where you'll find an electric fireplace, custom lighted shelving, and an inviting French door to the backyard oasis. Additional formal living and dining spaces, accented by rustic wood columns, add character and provide versatile areas for entertaining, working from home, or everyday living. The primary suite is a peaceful retreat featuring a double-door entry, private backyard access, and a spacious ensuite bath with dual sinks, step-in shower, soaking tub, private water closet, and a surprisingly large walk-in closet. Thoughtfully designed, one secondary bedroom is next to the primary suite, while two additional bedrooms on the opposite side of the home share a Jack-and-Jill bath. All three have walk-in closets. The well-equipped laundry room has abundant storage, a folding counter, and utility sink while the extended-length 3-car garage completes the home with storage shelves, a workbench, and additional sink. With room to grow, incredible mountain views, and no HOA restrictions, this property offers the space, flexibility, and lifestyle that is increasingly hard to find. It has been meticulously maintained. Convenient shopping, dining and freeway access nearby, plus enjoy the majestic beauty of the Sonoran Preserve with trails less than a mile away.
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.
