This stunning ONE OF A KIND - 4 Bed/3.5 Bath/3 car garage home WITH A POOL in the heart of Surprise AZ is for Sale! There is so much to say about this amazing, versatile home! Be sure to ask for the supplements & info regarding assuming current interest rate! This home features a split floor plan perfect for all! On one end, you will find a Jack & Jill Suite featuring double sinks in the bathroom. On the other end, you will find an ''ALMOST'' next-gen suite, featuring living area w/kitchenette - private bedroom & bathroom. In the center of the home, you will find a large Den or Flex space with beautiful built-in cabinetry. In the heart of the home, you will find a SPACIOUS Living - Chef's Kitchen & Dining area ideal for grand entertaining or intimate gatherings. READ MORE HERE... LOOK at that Chef's Kitchen!! Upgraded cabinets, appliances, countertops, lighting, wall oven and microwave, FIVE BURNER GAS stove, Walk-in Pantry, and the list goes on. The Owner's Retreat is located at the back of the home offering tranquility with private bath featuring a walk-in rain shower. The backyard Oasis w/extended patio & covered awning will not disappoint!! Play or relax in the pool, cookouts on the built-in BBQ, marshmallows and laughter around the gas firepit - memories are to be made here! The 3-car garage with built-in cabinets provides for ample storage space. You will see upgraded Pottery Barn light fixtures, extra can lighting, 8 ft interior doors, central vacuum, upgraded tile and laminate flooring, accent walls and surround sound! This home is conveniently located near Loop 303 and Village at Prasada offering an array of shopping, dining and entertainment- within minutes to the new Desert Diamond Casino, Wildlife World Zoo and White Tank Mountains and walking distance to the Middle School! This just screams ....Welcome HOME!!
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.
