NO HOA! Discover the perfect blend of space, comfort, and versatility with this beautifully updated 2,806-square-foot home situated on an impressive 1.6-acre fully enclosed lot. Offering five spacious bedrooms, three full bathrooms, and a dedicated den or office, this property provides the flexibility and room today's homeowners are searching for. Whether you need space for a large family, multi-generational living, a home business, hobbies, animals, or all of the above, this property delivers endless possibilities. As you step inside, you'll immediately appreciate the expansive open-concept design that creates a welcoming atmosphere and allows for seamless flow between the living room, dining area, and kitchen. The thoughtfully designed floor plan is ideal for both everyday living and. entertaining guests. High ceilings accented by beautiful wood beams create an airy, spacious feel while adding warmth and character throughout the home. Painted concrete flooring offers both durability and modern style, making maintenance simple while complementing the home's unique charm. The kitchen serves as the heart of the home, perfectly positioned to remain connected to the main living areas. Whether you're preparing meals for family gatherings or hosting friends for special occasions, the open layout ensures everyone remains part of the conversation. Modern conveniences have been incorporated throughout the home, including Wi-Fi-enabled appliances that provide enhanced functionality and convenience for today's connected lifestyle. One of the standout features of this property is the presence of TWO primary suites, offering exceptional flexibility for multi-generational households, long-term guests, or anyone seeking additional privacy and comfort. The main primary suite serves as a true retreat, featuring dual vanities, a relaxing soaking tub, a spacious walk-in shower, and direct private access to the backyard. Adding even more appeal, the primary bathroom has recently been enhanced with a brand-new skylight that fills the space with beautiful natural light, creating a bright and inviting atmosphere. Throughout the home, numerous updates have already been completed, with additional improvements currently underway. New updated lighting fixtures add a fresh, modern touch while enhancing the overall ambiance of the living spaces. These ongoing enhancements allow future owners to enjoy both the benefits of recent upgrades and the excitement of continued improvements. The home's thoughtful design extends beyond the interior and into the expansive outdoor spaces. The fully enclosed 1.6-acre lot provides privacy, security, and countless opportunities for customization. With no HOA restrictions, owners have the freedom to truly make this property their own. Bring your RVs, trailers, recreational vehicles, work equipment, or outdoor toys with confidence. There is ample room for parking, storage, workshops, gardens, animal facilities, and future additions. Animal lovers will especially appreciate the property's versatility. The backyard has been strategically divided into separate sections, creating an ideal setup for pets, livestock, hobby farming, or specialized outdoor spaces. Whether you envision horse facilities, chicken coops, dog runs, gardening areas, or simply expansive room for your animals to roam, this property offers the flexibility to accommodate a wide variety of lifestyles. Outdoor living is a major highlight of this exceptional home. A huge covered patio creates the perfect setting for relaxing evenings, family barbecues, outdoor dining, or entertaining guests throughout the year. Arizona's beautiful weather can be enjoyed in comfort and shade, making this outdoor space an extension of the home's living area. Adding yet another unique feature, an exterior staircase leads to a spacious rooftop terrace that offers endless possibilities. Create an outdoor lounge, enjoy breathtaking desert sunsets, host gatherings under the stars, or simply take advantage of the elevated views and peaceful surroundings. The rooftop space provides a rare opportunity to enjoy Arizona's stunning landscapes from the comfort of your own property. The attached two-car garage adds convenience and functionality while providing additional storage options. Combined with the extensive acreage, there is no shortage of space for vehicles, equipment, hobbies, and recreational needs. This property offers a rare combination of modern updates, generous living space, outdoor versatility, and freedom from HOA restrictions. From the dual primary suites and open-concept living areas to the expansive acreage and thoughtfully designed outdoor spaces, every aspect of this home has been designed to support a wide range of lifestyles and needs. Whether you're seeking room to grow, space for animals, a property that accommodates all your toys and hobbies, or simply a peaceful place to enjoy Arizona living, this exceptional home presents an opportunity that is becoming increasingly difficult to find. With its combination of comfort, functionality, recent upgrades, and endless potential, this is more than just a home--it's a property that allows you to create the lifestyle you've been dreaming of.
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.
