This home qualifies for a special interest rate. Welcome to 537 W Posada Ave, a beautifully remodeled single-family retreat in Mesa's rising 85210 corridor. Set on a private lot with a tranquil, park-like backyard, the property features mature shade trees, blooming garden beds, and a spacious paved patio—ideal for entertaining, relaxing, or enjoying Arizona's outdoor lifestyle. Inside, a full 2022 remodel blends timeless finishes with modern functionality. Granite countertops, updated cabinetry, and stylish bathroom fixtures create a fresh, move-in-ready feel. Recent upgrades include a new roof, water heater, insulated garage door and opener, attic insulation, and a remote-controlled security gate—all designed to enhance comfort, efficiency, and curb appeal. The HVAC system has been replaced, ensuring year-round climate control. This home truly shows like new. The location offers unmatched convenience. Just minutes from Mesa Riverview, the Fiesta Mall corridor, and Downtown Mesa, residents enjoy a mix of national retailers, local boutiques, vibrant restaurants, breweries, and live music venues. Cultural attractions such as the Mesa Arts Center, Arizona Museum of Natural History, and Golfland Sunsplash provide year-round entertainment for all ages. Healthcare access is exceptional, with Banner Desert, Mountain Vista, Phoenix Children's East Valley, Cardon Children's, and Valleywise Health Mesa all nearby. Grocery staples like Trader Joe's, Fry's, and AJ's Fine Foods are within easy reach, along with premier shopping destinations including Mesa Grand, Alma School Plaza, SanTan Village, and Tempe Marketplace. Education is a cornerstone of this location. Zoned for Mesa Public Schools, the home is near Lincoln Elementary (A-rated), Kino Junior High (STEM-focused), and Mesa High School (recognized for civic engagement excellence). Higher education options abound, with Mesa Community College, Arizona College, Pima Medical Institute, UEI College, and EVIT offering specialized programs in healthcare, trades, and technology. ASU's Tempe and Downtown Phoenix campuses, Scottsdale Community College, Chandler-Gilbert Community College, Rio Salado College, and the University of Advancing Technology are also within reach. Sports fans will appreciate proximity to Sloan Park (Chicago Cubs), Hohokam Stadium (Oakland Athletics), and Tempe Diablo Stadium (Los Angeles Angels), as well as major venues like Footprint Center and Chase Field. Families enjoy nearby attractions including the i.d.e.a. Museum, Tempe Town Lake, Desert Botanical Garden, Phoenix Zoo, and the Children's Museum of Phoenix. Strategically located near US-60, Loop 101, and Loop 202, this home provides seamless access to Tempe, Chandler, Gilbert, Scottsdale, and the broader East Valley. The 85210 ZIP code continues to rise in value, offering a compelling mix of affordability, accessibility, and appreciation potential. Whether you are a first-time buyer, downsizer, or investor, 537 W Posada Ave delivers lifestyle, location, and long-term upsideall in one intelligent package. *****See document tab for full list of owner improvements.*****
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.
