BEST priced home in Chandler with 4,500 sq ft on a third of an acre. This spacious multi gen home is designed for comfort, connection, and everyday living, offering five bedrooms, three and a half bathrooms, and a private downstairs guest suite that is ideal for extended family or visitors. Upstairs, the primary suite provides a relaxing retreat with a spa style bathroom featuring dual sinks, a soaking tub, a separate shower, a generous walk in closet, and a two way fireplace shared between the bedroom and bathroom, creating a warm and inviting space to unwind. The upper level also includes three additional bedrooms, a bonus room, and a large loft that works perfectly as a game room, home theater, homework zone, or flex space to fit your family's needs. At the heart of the home, the kitchen offers granite countertops, double ovens, modern appliances, and two walk in pantries, making it easy to cook, gather, and entertain. Reality renovation photos of the kitchen are included to help you envision future updates and design possibilities. The formal dining room is perfect for hosting family meals, while the inviting living area creates a comfortable space to spend time together. Step outside to your private backyard retreat featuring a covered patio, outdoor kitchen with a built in BBQ, a sparkling pool and spa with custom lighting, and a large grassy area that is ideal for play, pets, and gatherings under the Arizona sky. Located in the desirable Riggs Country Estates community, this home is just minutes from top rated CUSD and charter schools, along with convenient access to shopping, dining, and freeways. If you are looking for a home that offers space to grow, room to gather, and a setting that supports your lifestyle, this one is truly worth seeing.
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.
