Absolutely stunning single-level home with a heated pool and spa, ideally located on a cul-de-sac in the highly sought-after Rancho El Dorado community. This beautifully maintained 4-bedroom, 2-bath home offers the perfect blend of comfort, style, and Arizona outdoor living. A rare find in a fantastic neighborhood close to golf, schools, parks, and shopping, this home delivers both convenience and comfort in one exceptional property. Step inside to discover a spacious open-concept floor plan highlighted by soaring ceilings, abundant natural light, fresh interior paint, and lovely tile flooring. The fully renovated kitchen is a true showstopper and a dream for any home chef. The thoughtfully designed layout of this home creates an inviting atmosphere that's perfect for both everyday living and entertaining. The gorgeous kitchen features an oversized quartz island with built-in cabinet storage, sleek modern finishes, gas stove, and reverse osmosis system. The expansive island provides generous prep space and a natural gathering spot for family and guests. The luxurious owner's suite offers a private retreat with direct access to the backyard oasis. The beautifully upgraded en-suite bathroom features a spacious walk-in rain shower, creating a spa-like feel at home. The additional bedrooms are well-sized and versatile, perfect for family, guests, or a home office. Step outside to your entertainer's dream backyard. The heated pool and spa feature a tranquil waterfall, creating a relaxing resort-style setting perfect for enjoying Arizona's beautiful weather year-round. Lush landscaping, a remote-controlled privacy screen add both comfort and seclusion to the space. Sunscreens on the windows add energy efficiency. Located on a quiet cul-de-sac, this home offers added privacy while still being close to everything. Rancho El Dorado is known for its lakes, walking paths, golf and parks, and this home is ideally positioned near schools, shopping, dining, and quick access to Highway 347 for commuters. Homes with this combination of upgrades, location, and outdoor living are hard to find. Don't miss this opportunity to own a truly special home in one of Maricopa's most desirable communities.
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.
