Welcome to Your Dream Home in Circle Cross Ranch -- Resort-Style Living Starts in Your Own Backyard- ASSUMABLE LOAN IN PLACE -4.25 Imagine stepping outside to your own private resort every single day. This stunning Circle Cross Ranch home delivers exactly that -- a showstopping backyard designed for those who love to live and entertain outdoors. A heated pool and spa combo gleams beneath the Arizona sun, all surrounded by elegant travertine pavered patio that stay cool underfoot. The oversized covered patio stretches the entire length of the home, creating the ultimate shaded oasis for everything from morning coffee to sunset cocktail parties. And with no rear neighbors, your backyard paradise is completely your own -- pure privacy, pure serenity. When you're ready to step inside, the interior matches every bit of that wow factor. The diagonal wood-look tile sets a warm, sophisticated tone throughout, while plantation shutters in the living room add a timeless, polished finish. The chef-inspired kitchen is built to impress -- rich cherry wood cabinetry, granite countertops, a bold charcoal satin appliance package, an oversized island, and a statement farmhouse sink. A gas stub is already in place and ready for your outdoor BBQ setup, making indoor-outdoor entertaining completely seamless. The thoughtfully designed split floorplan offers real privacy where it counts. The primary suite is a true retreat featuring an oversized tiled walk-in shower, his-and-her closets, and a showstopping luxury closet conversion -- an entire bedroom transformed into the dressing room of every woman's dreams, complete with a charming barn door. Secondary bedrooms share a convenient Jack-and-Jill bathroom, ideal for families. Rounding out this incredible home are 4 bedrooms, 3 bathrooms, a den or home office, epoxy-coated garage floors, a 2-car garage, and indoor/outdoor cameras for added peace of mind. Circle Cross Ranch homes of this caliber are rare -- don't miss your chance to make this one yours.
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.
