**SPECTACULAR 4BD/4.5BATH/4 CAR GARAGE HOME WITH POOL ON A 18,121sf LOT IN THE SOUGHT AFTER RIGGS COUNTRY ESTATES COMMUNITY!** Your New Semi-Custom Gem offers a thoughtfully designed Split Floorplan with an Open Feel & 12' ceilings, combining elegance with true functionality. This single-level home is especially well-suited for multi-generational living or those planning for aging in place, prioritizing safety, comfort, & long term independence. Some features include: Newer AC, Whole Home Charcoal Filter Water Treatment System, Dual Pane Windows, Ceiling Fans & more. CHEF'S KITCHEN boasts KitchenAid SS Appliances including Counter Depth Fridge, Wine Fridge, Wolf Gas Cooktop & GE Monogram Hood with infrared warming shelf. Let's discuss the additional living spaces. The open-concept design allows for easy movement and interaction, whether entertaining or assisting loved ones. Your Separate Living Room/Formal Dining Area offer an abundance of natural light, while the Den makes a perfect Office or Flexible Living Space. The Extra Large Primary Suite includes a private backyard access door for added convenience. The Primary Bathroom is designed for both luxury & accessibility, featuring a zero-threshold shower, Jacuzzi Tub & a spacious layout that supports mobility aids if ever needed. The huge Walk-In Closet offers custom cabinetry & shelving for organized, easy reach storage. Step outside to enjoy your Oversized Lot featuring a Pebble-Tec Pool with Grotto Waterfall & Slide, Custom Pavers, a Large Covered Patio for shaded relaxation, extra yard space with RV Gate access and LED Dusk to Dawn Lighting surrounding the property. The 4-Car Garage includes New Garage Doors + New Garage Door Openers (2026), Epoxy Floors, and extensive built-in cabinetry for organized storage -- ideal for multi-vehicle households or workshop space. Located close to top-rated CUSD & charter schools, great golf courses, shopping, and fine dining, this home delivers flexibility for a growing family, multi-generational household, or anyone seeking a safe, accessible, and future-ready living environment.
1974 E Scorpio Pl, Chandler, AZ 85249
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.
