Stunning Black Mountain views from this custom 5BD, 4.5BA home with Casita in Cave Creek, featuring a Viking iron automated driveway gate, paver stone driveway, and gated courtyard leading to striking wrought iron and glass entry doors. Perfectly positioned away from street noise and offering direct backyard access to Cave Creek Regional Park trails. Inside, enjoy 10' alder wood doors and cabinetry throughout, timeless travertine flooring in main living areas, and wood-like ceramic flooring in bedrooms. The dramatic rotunda living room showcases a 25' ceiling, cozy fireplace, and three French doors that open seamlessly to the 800 sq ft covered travertine patio and paver courtyard. The resort-style backyard features a sparkling pool with waterfall spa, creating an ideal indoor-outdoor living experience. The private casita, accessible from the courtyard, is perfect for guests, a home office, or multigenerational living. The home also offers a formal dining area with bar and pantry adjacent to a gourmet chef's kitchen complete with a 7' granite island and vegetable sink, Wolf 6-burner gas stove with griddle, grill and pot filler, professional hood, Sub-Zero stainless steel refrigerator, RO water system connected to Sub-Zero ice maker, and a temperature-controlled wine cellar. The luxurious primary suite features its own fireplace, breathtaking pool and mountain views, patio access, and a built-in BBQ. The spa-like bath includes a soaking tub, separate rain shower, dual granite vanities, bidet, and spacious walk-in closet. Additional features include a newly finished epoxy 1,285 sq ft garage with ample storage. Major updates include: new tile and flat roofs (2024), Bosch dishwasher and water heater (2021), RO system (2025), ceramic wood plank flooring (2022), new paint, lighting, and ceiling fans (2025), landscape lighting (2023), patio sunshade (2021), irrigation and water lines front and back (2023), fresh exterior paint and stucco (2023), iAquaLink-controlled pool/spa system (2025), new pool/spa electrical and LED lighting (2026), new spa pump (2025), all plumbing valves and faucets replaced (2025), and new epoxy garage flooring (2026). This smart home is wired with hardwired and WiFi Ring cameras, a customer-owned security system, fire sprinklers, and sits on 1.86 acres of mature landscaping just minutes from Cave Creek amenities.
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.
