Modern Ranch Style Living offering space, location, & endless flexibility. Set on a full 1.04 ACRE parcel with no HOA. This exceptional Modern Ranch Estate nestled within a serene neighborhood, delivers rare flexibility, privacy, and income potential in a prime location just minutes to Scottsdale and Paradise Valley. With its easy access to all the city has to offer including close proximity to hiking and biking trails, parks, golf courses, major sports venues, and premier shopping and dining at Kierland Commons, Desert Ridge, and the multi-billion-dollar Paradise Valley Mall redevelopment, it is the perfect location The main residence with 1,924 sq ft offers an open concept living & dining area, 3 bedrooms, 2 bathrooms, a bonus room with wall-to-wall cabinetry ideal for an in-home office or 4th bedroom. This Ranch Style Estate has been thoughtfully and beautifully updated throughout, creating an airy design with beautiful finishes, beginning with a fully remodeled Modern Kitchen featuring elegant two-tone cabinetry & hardware, paired with striking quartz slab countertops and backsplash, highlighted by a grand island with additional pullout drawers and under counter storage. The home includes fully remodeled bathrooms, including finishes of tile, quartz and marble, new vanities, large LED modern mirrors to enhance the space, along with spacious linen closets. Additional features of the home include gorgeous new flooring throughout creating a cohesive space that is as functional as it is visually impressive, along with its high and vaulted ceilings enhancing the entire space with an airy feeling & flowing natural light throughout the home. Adding exceptional value, is a separate fully renovated 674 sq ft GUEST HOUSE featuring 1 bedroom, 1 bathroom, an open concept living area with full kitchen, a large walk-in closet, new windows, vaulted ceilings, an in-unit washer and dryer along with a private entrance, yard, and parking area ideal for guests, multigenerational living, a separate office, art studio or income-producing rental use. Lush resort style outdoor living is a true centerpiece of this beautiful estate, including a Heated Pool with faux stone waterfall & slide, along with several patio areas for entertaining, surrounded by a meticulously landscaped setting with mature shade trees & hedges all located within the privacy of block fencing and custom iron gates, featuring two oversized RV gates. The lush landscaping includes sprinkler and drip systems to maintain the beautiful and mature shade and fruit trees. The property also features maintenance free turf & front desert landscaping as well as pavers throughout the front and back of the property, along with a cozy stone fire pit offering serene, gorgeous sunsets & mountain views. Additional amenities include storage sheds and a large covered shade structure with an attached workshop or tack room with water and electricity located at the rear of the property, making this estate ideal for car and horse enthusiasts or hobbyists alike. Thoughtfully designed for both lifestyle and functionality, this property offers space for endless possibilities such as a sport court, pickleball, horses, RVs, recreational toys, or a home-based business opportunity. Located within the highly regarded Paradise Valley Unified School District, the property offers convenient freeway access for easy commuting to Sky Harbor Airport, Downtown Phoenix, Peoria Sports Complex, and Northern Arizona making this the perfect location within city limits.
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.
