The cul-de-sac address already tells you something. No through traffic. No strangers cutting through. Just a quiet pocket in North Phoenix where the neighbors actually know each other and the kids can ride bikes to the end of the street. Inside, this Maracay-built home lives with purpose. Vaulted ceilings open the space immediately. The kitchen was built for how families actually gather, anchored by a large island with pull-up seating, quartz countertops, and stainless steel appliances that all stay. The island faces directly into the great room and fireplace, so nobody misses a conversation. On the other side of that sliding door: a sparkling private pool, covered patio, and a fully fenced backyard that handles everything from Friday night gatherings to Sunday morning quiet. The primary suite is the owner's retreat this home deserves. Spacious and private, it features a bow window sitting area, vaulted ceiling, ceiling fan, and a direct door to the backyard. Through the arched entry, the ensuite delivers double vanity, soaking tub with jets, separate shower, and a private toilet room. The secondary bedrooms are well-sized with mirrored closets and ceiling fans. Here is what sets this listing apart from the competition: the major systems are done. Brand new Trane HVAC installed June 2026 with a transferable 10-year parts warranty and furnace heat exchanger coverage through 2046. Roof tune-up completed April 2026. Pool drained and acid washed May 2026. The next owner moves in and exhales. Paradise Valley Unified District. Low HOA at $55/month. VA, FHA, and conventional financing all accepted. Cul-de-sac lots in this neighborhood do not come available often.
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.
