Welcome to your private equestrian retreat in the heart of Queen Creek. Situated on a full acre with no HOA, this beautifully updated 4-bedroom, 2-bathroom home delivers the rare combination of wide-open acreage, turn-key interiors, and serious horse infrastructure, all minutes from town. Step inside to find a spacious open layout anchored by a large open kitchen featuring white cabinetry, stainless steel appliances, a tile backsplash, and a generous breakfast bar that flows seamlessly into the dining area and family room. Vaulted ceilings, modern ceiling fans, and an abundance of natural light give the living spaces a clean, contemporary feel throughout. The primary suite offers a true escape with sliding glass door access to the covered patio and backyard beyond. The ensuite bathroom has been fully remodeled with a show-stopping design, floor-to-ceiling hexagonal tile, a freestanding soaking tub, frameless glass walk-in shower with rain head, floating dual-vanity with LED-lit mirrors, matte black fixtures, and a crystal chandelier. It's a spa-level finish you rarely see at this price point. Step outside and the property opens up. A large extended patio with a custom pergola and built-in fire pit creates the perfect space for entertaining under the Arizona sky. Beyond the patio, the acreage is fully set up for horses with a professionally graded arena, covered stalls with fans, and pipe fencing throughout. A detached outbuilding with a roll-up garage door, HVAC ductwork, and Tyvek-wrapped framing offers flexible use as a workshop, toy barn, or future finished space. A dedicated laundry room with Samsung stacked units and built-in cabinetry rounds out the functional details. Mountain views frame the entire back half of the property, and with no HOA restrictions, the possibilities here are wide open. Whether you're an equestrian, a hobbyist who needs shop space, or simply someone who wants room to breathe, this one checks every box.
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.
