This property truly stands out for its unique features and prime location, making it a wonderful place to call home. Here’s a deeper look at what you can expect: Interior Highlights • Spacious Bedrooms: Each of the three bedrooms is designed to maximize comfort, with ample closet space and natural light. The master bedroom offers a private retreat, perfect for relaxation. • Modern Bathrooms: The two bathrooms are well-appointed, featuring contemporary fixtures and finishes for a fresh, clean look. • Open Floor Plan: The layout promotes an airy feel, connecting the kitchen, dining, and living areas. This design is perfect for gatherings, allowing guests to mingle freely while you prepare meals. • Efficient Heating and Cooling: The MasterCool Central Swamp Cooler is a standout feature, providing effective cooling while being environmentally friendly and cost-efficient. The pellet stove not only adds warmth but also enhances the home’s cozy ambiance during colder months. Outdoor Features • Fenced Yard: The fully fenced yard offers privacy and a safe space for children and pets to play. It’s also an excellent canvas for gardening or outdoor activities. • New Covered Patio: This outdoor space is perfect for alfresco dining or enjoying morning coffee while soaking in the breathtaking views of the mountains and desert. It’s also ideal for entertaining friends and family. • Spacious Lot: The expansive lot provides plenty of room for outdoor hobbies, whether that’s creating a garden, setting up a fire pit, or just enjoying the open space. Location Benefits • Proximity to SH 138: Being only two minutes from the highway makes commuting or traveling to nearby towns and amenities incredibly convenient. • Natural Beauty: The stunning mountain and desert views enhance the property’s appeal, offering a serene backdrop that changes with the seasons, perfect for nature lovers and outdoor enthusiasts. Additional Highlights • Brand New Water Heater: A modern water heater ensures reliable access to hot water, enhancing your daily comfort. • Affordable Heating: The pellet stove uses inexpensive pellets, making heating costs manageable during the winter months. This property is not just a house; it’s a lifestyle choice. With its perfect blend of comfort, convenience, and natural beauty, it’s ideal for families, retirees, or anyone looking to escape the hustle and bustle of city life. Schedule a visit to experience its charm firsthand!
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.
