A breathtaking contemporary single-level estate, this architectural masterpiece captures panoramic mountain views from every room — including the McDowells, Red Mountain, Four Peaks, and distant desert ranges — creating a constant backdrop of natural beauty. Privately tucked away on nearly an acre within an exclusive cul-de-sac, the residence offers a rare combination of striking design and serene seclusion. Recently reimagined through an extensive $1 million renovation, the home has been transformed with the finest designer finishes throughout the interiors, exterior façade, and grounds. Newly constructed patios, lush professional landscaping, and thoughtfully designed outdoor living spaces elevate the property into a true desert sanctuary — equally suited for intimate evenings or grand-scale entertaining. The estate features five luxurious bedrooms and four impeccably appointed baths. Each bedroom opens to its own private patio, seamlessly blending indoor and outdoor living. Two full primary suites offer exceptional flexibility and indulgence. One suite captures unobstructed Red Mountain views and shimmering city lights at night, while the other is anchored by a statement fireplace and an array of refined architectural details. A separate bedroom has been transformed into a state-of-the-art private theater, delivering a cinematic experience at home. Upon entry, a dramatic high-ceiling foyer flows into a grand great room wrapped in walls of glass, inviting natural light to pour in while framing tranquil garden views with mature fruit trees. Expansive glass doors throughout the residence dissolve the boundaries between interior elegance and outdoor beauty. The expansive wraparound covered patio highlighted by custom wood-paneled ceilings offers multiple lounge areas and a fully equipped outdoor kitchen. Beyond, the resort-caliber backyard showcases a heated pool and spa, generous sun-drenched terraces, and an authentic wood-burning fireplace, creating an atmosphere reminiscent of a private five-star retreat. At the heart of the home, the chef's kitchen is both functional and exquisite, featuring dual oversized islands, café-style double ovens, a built-in plumbed coffee system, and premium stainless-steel appliances designed to impress even the most discerning culinary enthusiast. Meticulously renovated and flawlessly maintained, this exceptional residence lives like new and represents a rare opportunity to own a private desert showpiece.
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.
