Welcome home to this beautifully updated 4-bedroom, 2-bath residence offering 2,017 sq ft of comfortable living in Sierra Vista. Built by Caliber Homes in 2004, this property blends quality construction with thoughtful upgrades and inviting spaces throughout. Step inside to a warm and welcoming living area featuring an elegant archway layout and a cozy gas fireplace--perfect for relaxing evenings or entertaining guests. The kitchen has been tastefully remodeled in 2023 and truly shines with updated cabinetry, granite countertops, a stylish butcher block island, older black appliances, and durable tile flooring--creating a space that's both functional and visually appealing. All four bedrooms offer flexibility for a variety of needs, including one currently used as a home office that features tile flooring instead of carpet--ideal for work-from-home convenience or a creative space. The hall bathroom has been upgraded with a brand-new walk-in shower completed in 2024. The primary bathroom offers a separate shower and soaking tub, along with double vanity sinks. An Arizona room adds versatile living space--perfect for enjoying morning coffee, cultivating plants, or relaxing year-round in a light-filled setting. Step outside to a fully landscaped backyard designed for both enjoyment and ease of maintenance. You'll find a blend of real grass, decorative gravel, garden beds, and even peach trees--creating a peaceful outdoor retreat with room to relax or entertain. Adding even more value, the home includes a solar system designed to offset all electrical needs, with the option to have it paid off at close of escrow with an acceptable offer--helping you enjoy long-term energy savings from day one. If you're looking for a well-maintained, upgraded home with charm, efficiency, and outdoor appeal, this one is a must-see!
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.
