Experience turnkey luxury in this beautifully updated Catalina Foothills residence, where modern design meets comfort. Thoughtfully renovated throughout, this home offers a seamless blend of style and ease with no detail overlooked. And its prime location is an incredible convenience for the busy professional looking to maximize life! Step inside to light-filled living spaces, high-end finishes, and a flowing open layout. The chef's kitchen with an oversized island opens to inviting living spaces inside and out, creating a warm heart of the home. The generously sized primary bedroom and ensuite bathroom is the perfect space to begin and end your most productive days. With two closets, flex space for an office, a double sized walk-in shower, soaking tub, gas fireplace and doorway to a picturesque, north facing side yard with fireplace and putting green. It gets better, set on over an acre, with a pool, hot tub, TV area, turf and incredible Foothills views, this property is stunningly landscaped and ideal for entertaining or gazing at the Catalinas, city or stars. 4th bedroom has its own bathroom and door to the exterior - perfect for multigenerational living or more work-from-home professionals. Low HOA fees still allow for a community lap pool, basketball and tennis courts. Wonderful neighborhood for morning or evening strolls. The central Foothills location adds quick access to work, dining, shopping, local resorts and golf courses, pristine hiking and cycling, and top notch schools such as District 16, BASIS, The Gregory School & more. Making it perfect for full-time living or a lock-and-leave lifestyle. Proximity to Swan is nicely offset by orientation and size of lot. Best value turnkey acreage in the Foothills.
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.
