Located within the prestigious gated community of La Paloma, this beautifully updated 2-bedroom, 2-bathroom residence offering 1,442 square feet delivers an exceptional blend of comfort, sophistication, and effortless desert living. Positioned within the exclusive Ridge 4 enclave and surrounded by the fairways of La Paloma Country Club, the home captures the relaxed elegance of the Catalina Foothills lifestyle. Designed with an open great-room floor plan, the interior features soaring vaulted ceilings and expansive windows that fill the home with natural light while framing tranquil desert and mountain views. A cozy gas fireplace anchors the living area, creating an inviting space for both everyday living and entertaining. The thoughtfully upgraded kitchen features quartz countertops, stainless steel appliances, and a gas range, seamlessly connecting to the living and dining spaces. Polished concrete floors throughout add a contemporary architectural aesthetic while providing durability and low-maintenance living. The primary suite serves as a peaceful retreat with a spa-inspired bathroom featuring a marble double vanity, soaking tub, and separate shower. A comfortable guest bedroom and additional full bath provide flexible space for visitors or a home office. Outdoors, a private walled backyard with a covered patio offers an ideal setting for relaxing mornings or sunset gatherings, surrounded by attractive, low-maintenance landscaping that complements the natural desert setting. Additional highlights include a two-car garage and access to the Ridge 4 community pool and spa. The property is located within the highly regarded Catalina Foothills Unified School District, one of Southern Arizona's top-rated districts. Investment Opportunity: The home currently has a tenant lease in place through April 30, 2027, offering immediate and stable rental income for investors seeking a property in one of Tucson's most desirable foothills communities. Situated in the heart of the Catalina Foothills, this residence represents a rare opportunity to own within a premier golf community while benefiting from a secure, long-term tenancy and lock-and-leave convenience.
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.
