An Exceptional Opportunity in Catalina Foothills! This fully remodeled residence presents a rare opportunity to enjoy elevated desert living on over an acre of beautifully curated grounds. Thoughtfully redesigned with both elegance and comfort in mind, the home offers gracious, light-filled living spaces ideal for everyday living and effortless entertaining. The gourmet kitchen is a true centerpiece, appointed with premium appliances, an oversized island, and an open-concept layout that flows seamlessly into the expansive living and dining areas-all anchored by a striking grand fireplace. A generously proportioned formal dining room with a built-in buffet provides a sophisticated setting for hosting memorable gatherings, while also offering flexibility as an additional lounge conversation space. The primary suite is a private retreat, expansive and resort-inspired, featuring abundant closet space and room for a dedicated office or sitting area. The spa-like bath offers dual vanities, a spacious walk-in shower, soaking tub, and its own fireplace -- creating a serene escape within your own home. Three additional bedrooms provide comfortable accommodations for family and guests, including one with a private ensuite bath. Outdoors, the lifestyle truly shines. The meticulously designed grounds deliver the ultimate Arizona experience with an east facing back yard -- complete with a pool and hot tub, elegant covered patios almost the full length of the home, artificial turf area, outdoor fireplace, a putting green and sweeping mountain views. The setting is both expansive and ideal for entertaining or quiet relaxation under the desert sky. The generous lot also presents exciting future possibilities, with ample space for additional garage bays, a guest house, or further customization to suit your vision. District 16 schools, BASIS and The Gregory School within a very short distance. Wonderful community streets to walk the dog and ride bikes, a community lap pool, basketball court and tennis. All of this, now attractively priced to create immediate opportunity in one of Tucson's most desirable communities, this is a move-in-ready Foothills retreat that combines thoughtful renovation, exceptional outdoor living, and room to grow.
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.
