Located in The Highlands at Dove Mountain, a Premier 50+ Active Adult Community on a Championship Arthur Hills Golf Course, this Extensively Updated Home Offers an Excellent 1,953 SF Floorplan w/ 2 Bd/2 Ba & Separate Living & Family Rooms for Flexible Living. Easily Adaptable for Accessible Living. Upgraded Throughout w/ Brand New ''Harvest Hues Oak'' Vinyl Plank Flooring, a Beautifully Appointed Kitchen w/ New GE SS Double Oven, Microwave & Dishwasher, Corian Countertops, Cherry Cabinetry, Custom Tile Backsplash, Pantry & Multiple Dining Options Including a Nook, Breakfast Bar & Formal Dining Area. Major Improvements: a Rebuilt 25 SEER HVAC, Newer Water Heater, Radiant Barrier Insulation w/ Solar Roof Fans for Enhanced Energy Efficiency & a Full-Home Pelican Water Filtration System! The Full-Home Pelican Water Filtration System Treats Water at the Point of Entry, Delivering Clean, Filtered Water to Every Faucet - Reducing Chlorine, Chemicals & Sediment for Improved Taste & Water Quality While Helping Protect Plumbing, Fixtures & Appliances w/ a Low-Maintenance, Energy-Efficient Design. The Home Has an Added Layer of Protection Against Water Damage, w/ Two Upgraded Shut-Off Controls Installed in 2015, Enabling House Water Cut-Off While Leaving Irrigation Operating Independently. The Spacious Owner's Suite Offers Peaceful Backyard Views, Patio Access, Dual Vanities, Soaking Tub, Walk-In Tub & a Custom Organized Closet. A 2-Car Garage w/ Golf Cart Space, Built-In Cabinetry & Workbench Adds Functionality. Rebuilt Insulated Garage Door in 2024 w/ Belt Drive System, New Main Springs, New Hinges & All New Hardware. Enjoy Inviting Outdoor Living w/ a Charming Front Courtyard & a Private Backyard Featuring a Brick Patio, Built-In BBQ, Mature Landscaping & Producing Citrus--Perfect for Relaxing or Entertaining in a Quiet Desert Setting. Dove Mountain Is a Premier 6,200+ Acre Golf Resort Community in the Sonoran Desert Offering 50+ Miles of Hiking & Biking Trails, Parks, Sport Courts, Dog Parks & Scenic Walking Paths.
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.
