3675 E Parkview Dr, Gilbert, AZ 85295
5 beds · 3 baths · sqft
Beautiful 5-bdrm, 3-ba home in Gilbert, perfectly situated in a prime location! This 2-story property is loaded with upgrades and boasts inviting front & back patios, This oversized corner lot is ready for you to create the oasis of your dreams. The kitchen is a standout, featuring crisp white cabinetry, stunning quartz countertops, stainless steel appliances, stylish tile backsplash, an island with bar seating, and a pantry for added storage. Updated ceiling fans and modern lighting fixtures add to the aesthetic The open living and family room areas provide seamless access to both the backyard and driveway through sliding glass doors. There is a bedroom on the bottom floor with access to a full bathroom. The primary suite has space for a home office or a separate sitting room. Bathrooms are finished with granite countertops and include shower/tub combinations. Upstairs hallway carpet was removed due to wear and tear, there was no water damage. Seller is offering a $1000 credit.
Source: ARMLS #6802166
Source: ARMLS #6802166
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
