Located in the desirable Catalina Foothills within Sunrise Presidio Village, this 2,544 sq ft Territorial Southwest-style home sits on just over half an acre and brings together space, character, and the opportunity to create something truly your own. Featuring 3 bedrooms, 3 bathrooms, plus a dedicated den/office, this home features a desirable split-bedroom floor plan with the primary suite separated from the secondary bedrooms for added privacy. The flexible layout includes both a living room and separate family room, along with a spacious dining area, giving you multiple spaces for entertaining, relaxing, or everyday living. Natural light fills the home, highlighting the wood-look flooring and creating a warm, inviting feel throughout. The den/office provides the perfect space for working from home, while the additional flex room offers endless possibilities for a media room, gym, playroom, or second office. At the heart of the home, the kitchen is designed for both function and connection, featuring a farmhouse-style sink with an upgraded pull-down faucet, stainless steel appliances, custom cabinetry with glass accents, textured backsplash, skylight, and generous counter space. A large window overlooking the backyard and pool brings in natural light while keeping you connected to outdoor living. The primary suite is generously sized and presents a unique opportunity to design your ideal retreat. Of the 3 bathrooms, 1 has been completed, while the other 2 have been gutted and are ready for the next buyer to finish to their own style and specifications--creating an exceptional opportunity for customization and added value. Step outside to your private backyard retreat, featuring a pool with diving board and covered patio, offering a great foundation for outdoor living and entertaining. The expansive yard is ready for your vision, with plenty of space to design and update to your own style--whether that's creating a lush landscape, outdoor kitchen, or custom entertaining area. The property is enclosed by a brick privacy wall and framed by mountain views, capturing the essence of Arizona living. Additional highlights include a leased solar system for energy efficiency and an expansive lot with room to make the outdoor space your own. Due to the current condition, this property is best suited for cash buyers or buyers utilizing renovation financing. Whether enjoying morning coffee on the patio, relaxing in your private pool, entertaining in light-filled living spaces, or watching the mountains turn pink at sunset, every moment reflects why the Foothills remains one of Southern Arizona's most sought-after locations. Situated in a riparian corridor just minutes from world-class hiking in Sabino Canyon, this property delivers a rare blend of natural beauty and everyday convenience, ideal for evening walks, bike rides, and embracing the desert lifestyle.
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.
