*** Voted Best Home on Tour *** Featuring a 1,288 sq. ft. air-conditioned RV workshop with two commercial-height roll-up doors, there are properties that simply exist -- and then there are properties that command attention. This is the latter. Set against a dramatic mountain backdrop in the exclusive enclave of Desert Hills, this fully walled, privately gated compound delivers a level of scale, craftsmanship, and versatility that rarely surfaces in the Phoenix market -- at any price point. Pass through the electric-gated, pavered entry and security building into a serene Hand-carved Alderwood double doors open to a residence of striking architectural character--soaring spaces, dramatic structural details, and high-end custom finishes executed with a discerning eye. The heart of the home is a professional-grade chef's kitchen appointed with Schuller custom cabinetry, Sub-Zero refrigeration, Wolf 5-burner range with pot filler, Dacor double ovens, Franke sink, Blue Diamond granite counters, and a commercial-style gooseneck pull-down spring faucet. Built for those who cook seriously and entertain lavishly. Three separate bedroom wings ensure privacy and flexibility are never compromised. The primary suite delivers a dual fireplace, jetted soaking tub, oversized glass block shower, and a walk-in closet outfitted with an ELFA organizer system plus a private safe room within the closet. A dedicated sitting area and private exit to the covered patio complete the retreat. Two guest bedrooms share an elegant Jack-and-Jill bath, one opening directly to the front courtyard through Alderwood French doors. A fourth bedroom functions as a secondary master suite--fully private, with its own ensuite bath, walk-in closet, and courtyard access. Above the extended-length 3-car garage, a fully independent 1,064 sq ft guest suite offers exceptional flexibility--private French-door entry, guest kitchen, two bedrooms (one previously configured as a media room), a full bath, and an 1,800 sq ft upper deck with unobstructed mountain views. The backyard is an entertainer's domain. A full cabana with kitchenette and shower bath anchors the exterior, while the swim spa by Endless Pools and hot tub complete the resort-caliber setting. The 29.46 KW owned solar system provides meaningful energy independence at this scale. A 28 × 45 ft rear RV garage with its own dedicated HVAC system and two commercial-height roll-up doors (West: 13'10" H × 9'11" W | South: 13'10" H × 15'10" W) is purpose-built for the collector, the hobbyist, or the entrepreneur who demands serious shop space.
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.
