Range Priced-Seller will accept/or counter offers b/w $269,000 & $275,000. This beautiful 2-bed, 2-bath home offers a low-maintenance lifestyle in the highly sought-after 55+ Sonora at Rancho Sahuarita community! Featuring a bright, open floor plan w/ ceramic tile flooring throughout, a split-bedroom layout & a modern kitchen w/ custom subway tile backsplash & spacious dining area. The primary suite serves as a tranquil retreat w/ dual sinks, walk-in shower & large walk-in closet. Step outside to a private, low-care backyard w/ a covered patio & flagstone, ideal for relaxing or entertaining. Enjoy exclusive access to the Sonora clubhouse, fitness center, pool/spa, plus all the extensive amenities of Rancho Sahuarita. This home qualifies for a VA assumable loan @ 4.25%. Call for details! Sonora at Rancho Sahuarita is a premier 55+ active adult community nestled within the larger, family-friendly Rancho Sahuarita master-planned development. This unique setup offers residents the dual benefit of a private, age-restricted oasis along with full access to all the resort-style amenities of the greater Rancho Sahuarita community. Community Highlights: Active Adult Lifestyle: Designed by Del Webb, Sonora is an intimate neighborhood of 428 single-family homes, offering a vibrant lifestyle coordinated by a full-time activities director. A wide array of social clubs and interest groups are available, including arts & crafts, book clubs, bocce, bridge, and fitness programs. Exclusive Amenities: Residents enjoy private access to a 15,000 square-foot clubhouse featuring an outdoor pool and spa, fitness center, tennis/pickleball courts, aerobics studio, card room, and billiards. Master-Planned Access: In addition to the private facilities, residents can utilize the extensive amenities of the entire Rancho Sahuarita community, which includes a 15-acre lake, multiple parks, 17 miles of walking/biking trails, an amphitheater, and a 16,000 square-foot splash park. Scenic Location: Located approximately 15 miles south of Tucson, the community provides a serene, small-town atmosphere with beautiful views of the Santa Rita Mountains, while still offering convenient access to I-19, shopping, dining, and medical centers.
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.
