Tucked away in one of the most desirable areas near Downtown Gilbert, this charming and eclectic property is truly unlike anything else on the market. Full of personality, warmth, and character, this beautifully maintained home offers 3 bedrooms, 2 updated bathrooms, plus a detached casita that provides endless flexibility for guests, a home office, workout space, or creative studio. From the moment you arrive, you can feel the unique charm and inviting atmosphere that makes this property so special. Inside, you will find tasteful updates blended perfectly with the home's original character. The updated bathrooms feature modern touches while still keeping the cozy and welcoming feel of the home. Every room offers its own charm with stylish details, warm finishes, and comfortable living spaces throughout. Natural light pours into the home creating a bright and inviting environment that feels both relaxing and functional. The outdoor space is equally impressive and designed for both entertaining and everyday enjoyment. The colorful and very private backyard feels like your own hidden retreat with mature landscaping, vibrant touches throughout, and a spacious covered patio perfect for relaxing mornings, outdoor dining, or hosting family and friends. The oversized patio provides plenty of shade and usable outdoor living space year-round. One of the rarest features for a home in the Downtown Gilbert area is the attached two-car garage, offering valuable parking and storage space that is hard to come by in this location. The property also includes an RV gate for additional flexibility along with the added bonus of no HOA, giving homeowners more freedom and convenience. Located just minutes from all the restaurants, coffee shops, nightlife, and entertainment that Downtown Gilbert is known for, this home offers the perfect combination of charm, location, privacy, and functionality. Whether you are looking for a primary residence full of character, a multi-functional property with extra space, or simply a rare opportunity close to Downtown Gilbert, this home is truly one of a kind.
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.
