Tucked behind the gates of Legends at Pointe Tapatio Cliffs and backing directly to the Phoenix Mountain Preserve, this custom Tuscan-inspired residence offers a rare kind of living in Phoenix- one where mountain trails, desert sunsets, and quiet mornings exist just minutes from the heart of the city. Few communities offer this balance so effortlessly. Here, hiking, biking, trail running, and evening walks with the dogs begin practically from your backyard, surrounded by some of the most breathtaking mountain scenery Phoenix has to offer. Spanning nearly 3,900 square feet, this 4-bedroom, 3-bath home was designed with both presence and livability in mind. Beyond the custom wrought iron entry framed in imported Cantera stone, the interiors unfold with soaring ceilings, polished travertine floors with stone inlays, hardwood flooring, crown molding, plantation shutters, crystal chandeliers, and hand-crafted iron details that bring warmth and character throughout. At the center of the home, the gourmet kitchen blends beauty and function with rich cherrywood cabinetry, granite countertops, upgraded newer appliances, and an effortless connection to the family room and breakfast area, creating a space equally suited for intimate mornings or large gatherings that spill naturally outdoors. A formal dining room with built-in cabinetry and fireplace offers flexibility as a refined entertaining space, library, or additional living area. Upstairs, the primary suite becomes its own private retreat with a sitting area, dual walk-in closets, and a spa-inspired bath designed for slowing down at the end of the day. Additional bedrooms are thoughtfully arranged, including a Jack and Jill layout upstairs and a full guest suite on the main level for visitors, multigenerational living, or a home office. Outside, terraced patios, a built-in stainless steel BBQ, low-maintenance landscaping, and sweeping preserve views create an outdoor experience that feels peaceful, elevated, and deeply connected to the desert surrounding it. And while the setting feels worlds away, you remain moments from some of North Phoenix's most loved destinations, including the Hilton at Tapatio Cliffs, Lookout Mountain Golf Club, award-winning dining at Different Pointe of View, and convenient access to downtown Phoenix, Sky Harbor, and the Valley's central corridors. With solar, extensive upgrades, timeless finishes, and an irreplaceable preserve setting, this is more than a home. It's one of those rare places that makes Phoenix feel entirely different. Also available is an exceptional 2.375% assumable interest rate. Please inquire for details.
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.
