Space. Flexibility. Opportunity. Finding a home with enough space is difficult. Finding one with enough space and room in the budget to make it your own is even harder. That's what makes 3806 S. Emery Circle worth a closer look. Situated on an oversized 11,853-square-foot cul-de-sac lot in Mesa's Mountain Ranch community, this single-level home offers 3 bedrooms, 2 bathrooms, a dedicated den, an additional flex room, and more than 2,000 square feet of living space designed to adapt as life changes. Inside, the layout prioritizes functionality over trends. The kitchen opens to the main living areas, creating a natural gathering space for everyday life, while abundant storage and a large walk-in pantry help keep everything organized behind the scenes. The adjacent living spaces provide the flexibility today's buyers are increasingly searching for. Beyond the three bedrooms, the den and separate flex room create options for a home office, playroom, media room, fitness space, hobby room, guest area, or a combination of uses that evolve with your needs over time. Whether you're working from home, raising a family, caring for relatives, or simply looking for more usable space, this floor plan offers possibilities that extend well beyond a traditional three-bedroom home. The home has been priced to reflect its current condition, creating an opportunity for buyers who recognize the value of good space and a strong floor plan. Cosmetic updates could dramatically transform the look and feel of the property while allowing the next owner to personalize it according to their own style and priorities. What truly separates this property from many competing homes, however, is the lot. At nearly 12,000 square feet, the backyard offers a level of outdoor space that has become increasingly difficult to find throughout southeast Mesa and neighboring Gilbert communities. Whether your vision includes a pool, expanded outdoor living areas, a garden, a play space, or simply room to spread out, this property provides a canvas that's becoming harder and harder to find. Mountain Ranch offers neighborhood parks, established streets, and convenient access to Loop 202, US-60, Phoenix-Mesa Gateway Airport, ASU Polytechnic Campus, shopping, dining, and major employment centers throughout Mesa, Gilbert, and Chandler. For buyers searching for a single-level home with a large lot, flexible living spaces, and the opportunity to build equity through thoughtful improvements, opportunities like this are becoming increasingly rare. If you've been waiting for a home with room to grow, room to personalize, and a price that leaves space in the budget for future updates, 3806 S. Emery Circle deserves a place on your list.
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.
