CUSTOM HOME AND GUEST RESIDENCE on 2.27 acres nestled in the beautiful Yarnell landscape. PRIVATE WELL! NO HOA! 2+ CAR GARAGE! 30 x 50 SHOP! This property has it all! MAIN home is spacious w/ an open floor plan & warm, natural light. The expansive kitchen makes quite a statement. Large Family? Entertaining Guests? Simply enjoy cooking & baking? No problem! The large island, abundant cabinet space, dual ovens, pot filler & a brick oven will accommodate all of your creative desires! Stone fireplace w/ natural timber mantle provides a touch of rustic elegance and two Butler / Bar counters offer space & flexibility for serving. One of the counters is already plumbed for a sink if desired. Oversized owner's ensuite has double door entry. ** CLICK MORE for addt'l important info. ** The luxurious owner's bathroom will have you feeling quite spoiled! Both main home bathrooms are designed w/ mosaic floor tile, complimentary tile wainscoting and gorgeous clawfoot tubs. GUEST HOUSE has its own set of bragging rights and certainly doesn't feel like a 'guest' space. Fully appointed and equipped with Corian counters in the kitchen, large peninsula work space, great flow and layout and oversized garage. This is a lovely accommodation for friends and family and / or an opportunity for lucrative, rental income potential. BOTH HOMES have solid wood doors throughout, full size stacking washer and dryer and water softeners. This owner spared no expense to ensure quality and craftsmanship throughout. Unique landscape features set the exterior space apart from the rest. Usable space has been seamlessly designed around the natural topography and the result is stunning. Incredible boulders and picturesque views abound. Patio has both a fireplace and brick oven, as well as a large, built-in barbecue grill and sink. Experience this exceptional property today and see what all the fuss is about! Easy access off of paved road but quiet enough to feel 'away from it all', it's the best of both worlds. Yarnell has (4) mild seasons, blue skies and cool mountain breezes. There are shopping and dining options in town and Yarnell is just 30 minutes from Wickenburg, 50 minutes from Prescott and 1.5 hours from Phoenix. If you've considered a luxury escape from the hustle & bustle of the city, this stylish home in a peaceful, rural setting might just be the perfect answer! ** Be sure to check out the video walkthrough!! ** NOTE - Main home has 2411 sq ft (3 bedrooms / 2 bathrooms) built in 2013 and guest home has 1170 sq ft (2 bedrooms / 1 bathroom) built in 2007.
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.
