Exceptional luxury living in the highly desirable Sierra Montana community, where refined comfort meets premier Arizona lifestyle. The current owners have invested over $100,000 in recent upgrades, resulting in a truly elevated home complete with designer finishes and thoughtful touches throughout. Enjoy an open, light-filled floor plan with a chef-inspired kitchen and generous living spaces ideal for everyday living and entertaining. Set on over a third of an acre, the private backyard is an entertainer's dream with a sparkling pool, relaxing hot tub, and lush landscaping—perfect for Arizona's year-round outdoor living. Retreat to the serene primary suite and embrace the exceptional quality found throughout this impressive residence. Residents of Sierra Montana enjoy proximity to top local amenities, including beautiful parks like Surprise Community Park and Asante Community Park, ideal for outdoor fun and gatherings, as well as recreational favorites like the Surprise Aquatic Center. For arts and culture, explore the West Valley Arts Council | Arts HQ Gallery, or enjoy bowling and entertainment at Uptown Alley. Outdoor enthusiasts will appreciate easy access to desert hiking and nature at White Tank Mountain Regional Park and nearby Lake Pleasant Regional Park. Just minutes from everyday conveniences, dining, shopping, and community events, this exceptional Sierra Montana residence offers luxury, lifestyle, and location in one of Surprise's most sought-after neighborhoods. 18336 W Banff LN Upgrades: New Lighting Throughout New Luxury Vinyl Flooring New Luxury Baseboard throughout New Custom Kitchen Sink New Custom Cooktop New Garbage Disposal New Dishwasher New Quartz Countertops in All Bathrooms and Laundry New Ceiling Fans Throughout New Fixtures throughout New Cabinet/Drawer Hardware Throughout New Interior Paint Throughout New Side Mount Garage Door Opener New Epoxy Flooring Throughout Garage New Sink in Garage New Whole Home Water System (owned) New Hot Water Heater New Backyard landscape New Drip Irrigation New Backyard Programmable Lighting New Window Screens Throughout New Backyard Access Gates
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.
