Welcome to a truly rare find within the prestigious Villas at Northridge. Tucked away at the quiet end of a private cul-de-sac, this 3-bedroom, 2-bathroom villa offers the perfect blend of private and tranquil desert living. Designed with an airy, open-concept floor plan, the home invites a seamless flow between its primary living spaces, making it ideal for both quiet evenings and grand entertaining. The crown jewel of this property is the expansive, enclosed, climate-controlled sunroom, featuring dedicated air conditioning. This versatile space serves as a brilliant bridge between indoor luxury and outdoor beauty, with large, high-efficiency windows encircling the room to allow natural light and unobstructed views of the professionally curated outdoor patio. Beyond the patio wall, the property reveals its true scope with an extended backyard area, a blank canvas for your imagination - whether you envision a flourishing organic garden, vibrant floral beds, or a custom outdoor kitchen. The entire lot has been freshly updated with premium desert landscaping, featuring ornamental rock and native plantings that require minimal maintenance while maximizing curb appeal. As the day ends, this home becomes the ultimate front-row seat to Arizona's world-famous sunsets. With its elevated privacy and thoughtful outdoor layout, it's a rare opportunity to own a piece of serenity in this valley landscape. Our pricing allows for updates and personalization to suit your preferences.
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.
