Reata Village is one of Glendale, Arizona's last quiet no-HOA pockets of 1970s block-built ranches. This 1,817 sq ft single-story is the one that's been done right. Layered 2022, 2024, and 2026 updates on a solid 1979 foundation: new 2024 asphalt shingle roof with decking, fresh exterior paint, Desert King double-pane windows, owned solar panels. Three bedrooms, 2 baths, nine-plus-foot flat ceilings. The primary suite lives like its own retreat: private exterior entrance, sitting area, walk-in closet, maple butcher block built-ins, and a fully remodeled 2022 en-suite. Two additional bedrooms, a flexible bonus space, and inside laundry. A beehive fireplace anchors the great room with formal dining and a breakfast room on either side. 22-mil LVP and fresh 2026 interior paint throughout. The kitchen runs everyday life with newer stainless steel appliances, an electric range, and a rare walk-in butler's pantry with a walnut butcher block counter and custom shelving. Out back is where the home earns its reputation. The play pool was fully remodeled in 2024 with new pebble, RGB lighting, auto-leveler, custom cover, and all-new equipment. A new gazebo on a poured concrete pad. Mature citrus trees from 1979 share the lot with newer 2021 plantings. Full xeriscape on a Hydrawise smart irrigation controller. Three distinct outdoor zones for morning coffee, quiet evenings, and weekends with friends. Smart and efficient: Honeywell thermostat, Ring doorbell and flood cameras, Ethernet in every room, heat pump with annual tune-ups, new 2024 water heater. Two-car attached garage with new 2026 insulated door and smart opener. RV gate and dedicated RV parking. Included 10x10 aluminum storage shed. Minutes to Loop 101, Bell Road shopping, and the Arrowhead corridor. Reata Village stays quiet. This one is move-in ready. Reach out to Harlequin Homes Group for a private showing.
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.
