Located in the highly sought-after Desert Oasis community in Surprise, this beautifully maintained 3 bedroom plus den, 2 bathroom home features an extended length two car garage that is perfect for trucks or extra storage needs. Built in 2018, it offers modern finishes, thoughtful upgrades, and access to a sparkling, resort style community pool exclusive to this section of the neighborhood. The front yard features low-maintenance landscaping, and a security door adds both style and peace of mind at the entry. Inside, you are welcomed by a versatile front room that can easily function as a home office, playroom, media space, craft room, or workout area, whatever fits your lifestyle. The heart of the home is the gourmet kitchen, and it truly stands out. Crisp white cabinetry, grani countertops, a large island with custom pendant lighting, and a walk-in pantry create a spa that is both beautiful and functional. The built-in 5 burner gas cooktop, stainless steel range hood, and double ovens, including a microwave convection combo, make this kitchen ideal for everyday living and entertaining alike. The open great room floor plan flows seamlessly from the kitchen to the dining area and main living space, creating a spacious and inviting layout. A stunning 4 panel sliding glass door fills the home with natural light and opens to the backyard, complete with a custom accordion-style shade for flexible light control and privacy. Neutral tile flooring runs through the main living areas, while brand new, fresh neutral carpet has just been installed in all bedrooms and the main living area. The primary suite is generously sized and features a bathroom with private toilet room, dual sinks, executive height counters, a separate soaking tub, walk-in shower, private toilet room, and a spacious walk-in closet. Secondary bedrooms also offer fresh carpet, neutral paint, ceiling fans, and 2 inch white blinds, which are installed throughout the entire home. The secondary bathroom includes executive height counters and a tub and shower combination. Additional highlights include ceiling fans in the great room and all bedrooms, a spacious laundry room with shelving, and a two car garage equipped with an electric vehicle charger. Step outside to a thoughtfully designed backyard with a covered patio, artificial turf bordered by pavers, and two additional paver seating areas. One area features a natural gas fire pit, perfect for relaxing evenings. Mature citrus trees, including a lemon and an orange, add charm and character to the space. With its modern construction, upgraded kitchen, flexible den space, electric vehicle charger, and access to a beautiful resort style community pool, this Desert Oasis home offers comfort, style, and convenience all in one
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.
