Discover the epitome of luxury living in the prestigious gated community of Arboleda. This exquisite 4-bedroom, 3.5 bathroom, single-level, semi-custom home is perfectly situated on a sprawling 1/2 acre plus lot, offering both privacy and elegance. Designed with a thoughtful split floor plan, this residence caters to both comfort and sophistication. The gourmet kitchen is a chef's dream, featuring custom cabinets, Viking fridge, Bosch dishwasher, double ovens, granite countertops, and a cozy breakfast nook. A convenient walk-in pantry is strategically located directly off the garage, making grocery unloading a breeze. The family room, warmed by a gas fireplace, provides a welcoming space for relaxation and gatherings. Formal occasions are well accommodated in the separate living and dining rooms, each space defined by 10 foot plus ceilings that enhance the home's spacious feel. Flooring throughout is a tasteful mix of wood, tile and carpet, laying the foundation for your personal decor. The primary suite is a true retreat, stretching from the front to the back of the house. The primary bathroom features a soaker tub and a large shower for ultimate relaxation. An additional bonus room offers flexibility for your lifestyle needs. 3 car extended garage. Outdoor living is equally impressive. An outdoor oasis including ramada, built-in gas BBQ, diving depth pool with water features and waterfall. An additional large raised stone deck made for hours of entertaining with an outside gas fireplace. Backyard includes multiple mature citrus trees (grapefruit, orange, lime and pomegranate) all maintained with low-cost flood irrigation. Dual covered patios provide a shaded space for outdoor dining and leisure. Ample storage throughout the home adds to the convenience and appeal of this remarkable property. Located close to the 202 freeway, residents enjoy easy access to all parts of the Phoenix metro area, including PHX Sky Harbor. With top-rated schools and beautiful parks nearby, including the Mesa Tennis & Pickleball Center at Gene Autry Park, big league dreams, and Kensington Groves Park, this home is not just a residence but a lifestyle choice for those seeking the best in Mesa living.
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.
