This spacious 3 BR, 2.5 BA Cheyenne model offers 2,793 sq.ft, and the perfect blend of comfort, functionality, and indoor/outdoor living. Featuring a pool, spa, fire pit, mountain views, owned solar, and a separate workshop/studio, this is truly a home that has it all. A well-defined front courtyard and impressive 8' entry door welcome you into the foyer, which opens to formal living and dining rooms, ideal for entertaining. A convenient wet bar connects the formal and informal living spaces, creating great flow for gatherings. The spacious family room features a cozy gas fireplace and media wall, and opens to the kitchen and casual dining area. The chef's kitchen is designed for everyday living and entertaining, showcasing granite counters, gas cooktop, wall oven and microwave, island with breakfast bar and pendant lighting, and a desk for organizing household tasks.The owner's suite includes a bay window, two walk-in closets, and a luxurious bath with dual vanities, jetted tub, and separate tile shower. The split bedroom plan provides privacy with two guest bedrooms, a full guest bath, and a powder room for visitors. A large versatile den/office features built-in desks, bookcases, and a wall bed, making it ideal as a workspace or optional fourth sleeping area. Enjoy outdoor living year-round from the large end-to-end covered screened porch, overlooking a resort-style backyard. Spend warm Arizona days in the heated pool with waterfall and spillover spa, and cool evenings around the gas fire pit, all surrounded by low-maintenance artificial turf and open views of the Santa Rita Mountains with no rear neighbors. The backyard also includes a separate 389 sq.ft.workshop/studio with adjacent storage and loft, perfect for hobbies, projects, fitness, or creative space, plus a BBQ area for outdoor entertaining. The home is equipped with an owned 10 kW solar system, providing energy efficiency and long-term savings. New roof in 2023, and 2 new HVAC units in 2018. A rare Cheyenne model with premium upgrades, privacy, and exceptional outdoor amenities in Quail Creek.
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.
