Perched on a premium elevated lot in sought-after Panorama Estates, this beautifully updated mid-century modern home offers sweeping panoramic views of the Tucson Mountains, Sentinel Peak (A-Mountain), and Downtown Tucson. Located on a quiet street just minutes from the city center, this 3-bedroom, 3-bath residence spans 2,105 square feet on a generous .20-acre R-1 lot, with short-term and long-term rentals allowed, making it ideal for both owner-occupants and investors. The home's west/east orientation captures stunning sunrises and sunsets, while a low-maintenance front yard, concrete walkway, and covered front porch create welcoming curb appeal. Inside, soaring ceilings, expansive windows, and no carpet throughout enhance the open, light-filled design. The spacious living room features a wood-burning fireplace and 10' ceilings, flowing seamlessly into multiple living areas perfect for entertaining or relaxing. The gourmet kitchen is outfitted with granite countertops, tile backsplash, newer cabinetry, modern appliances, and an island cooktop. This tri-level layout offers flexibility for every lifestyle, with a lower level ideal for a home office, studio, gym, or recreation space complete with a separate entrance. Upstairs, you'll find three bedrooms and two baths, including a primary suite with private balcony . Major upgrades provide peace of mind and long-term value, including a newer roof, updated plumbing and electrical, replaced sewer line to the street, new AC and furnace, mini-split systems for individualized bedroom climate control, and luxury vinyl plank flooring. Fresh interior and exterior paint, custom metal gates, and updated laundry room cabinetry complete the interior improvements. Outdoor living shines with covered patios, space for a future pool, a garage, and mature fruit-bearing trees lemon, orange, citrus hybrid, mulberry, and fig all on automatic irrigation with newly landscaped rock yards. Enjoy one of Tucson's most walkable and desirable locations: walk or bike to Sentinel Peak trails, Mercado San Agustín, Mission Garden, The Annex, and the Sun Link streetcar. Minutes from Downtown Tucson, the University of Arizona, Tumamoc Hill, Starr Pass Resort and Golf Club, Saguaro National Park, and quick I-10 access. Quiet, stylish, and centrally located, this exceptional home captures the very best of Tucson living. Schedule your private showing today this is a rare opportunity you won't want to miss.
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.
