Situated on the second largest lot in the neighborhood, within the highly coveted 85254 zip code, this exceptional residence offers space, privacy, and the rare advantage of NO HOA. Thoughtfully designed with a desirable split Great Room floor plan, the home provides versatile living spaces including formal living and dining areas that can easily function as a game room or additional entertaining space. The Primary Suite has been beautifully remodeled, creating a spa-inspired retreat complete with a luxurious jetted soaking tub, an elegant tiled walk-in shower, and refined finishes throughout. Brand new flooring enhances the formal living areas, while plantation shutters throughout the home add timeless style and sophistication. With no carpet anywhere, the home offers both modern appeal and easy maintenance. Step outside to your private resort-style Backyard, designed for both relaxation and entertaining. Enjoy the newly tiled and resurfaced pebble play pool and spa, a built-in BBQ, covered patio, and a generous grassy lawn perfect for gatherings or play. Mature landscaping, towering palm trees, and a storage shed complete this inviting outdoor retreat. The pool has also been upgraded with a brand new pump and filter for peace of mind. The charming front patio provides the perfect spot to unwind or greet guests while enjoying the neighborhood atmosphere. Ideally located just minutes from Kierland Commons and Scottsdale Quarter, residents enjoy easy access to some of the Valley's finest shopping, dining, and entertainment. This is a rare opportunity to own a beautifully updated home on one of the neighborhood's largest lots in one of Scottsdale's most sought-after zip codes. A must see!
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.
