6351 E Saddlehorn Cir, Hereford, AZ 85615
4 beds · 2 baths · sqft
Charming 4BD/2BA home in King's Ranch with a pool! This 2,427 sq. ft. open-concept home features a gas fireplace in the living room, along with a custom kitchen with 42'' upper two-tone cabinetry, soft-close doors/drawers, granite countertops, gas cooktop, double wall ovens, complete with a coffee bar and large pantry. Wood-look tile flooring flows throughout the living areas. Details include cabinet entertainment center, custom closet systems, and designer light fixtures. The bathrooms offer executive-height vanities, granite counters, premium plumbing fixtures, and a spa-like master shower. Enjoy an expanded 3-car garage, extended patio, sparkling pool, basketball court, and a beautifully landscaped yard with modern metal and rock gabions, and sod! Energy Star Certified & HERS Rated!
Source: ARMLS #6807376
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6807376
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
