Exquisite Home with Breathtaking Mountain Views on 4.31 Acres. Welcome to this stunning 2,824 sq. ft. custom home offering the ideal balance of luxury, comfort & versatility. This beautiful property features a split floor plan with three comfortable bedrooms, exercise room & bonus room. Kitchen & living room have been combined to create a spacious & open great room, with a large island, perfect for entertaining. Remodeled kitchen incl gas range with oven, additional cooktop on the butcher block island & abundant counter space. There is a butcher block breakfast bar & adjacent dining area. Elegant indoor custom shutters enhance windows. Flooring is a blend of ceramic tile & wood. A pellet stove/fireplace adds warmth & charm to the great room. The spacious & comfortable master suite features a custom-designed walk-in closet, a dedicated space ideal for a home office or workout area and private access to a spa & sauna room, both of which will remain with the home. The en-suite bathroom is thoughtfully designed with a separate vanity & dressing area, a Jacuzzi tub, a walk-in shower & a private commode room. The closet opens both to the bedroom & to the bonus room. Step outside to a fully enclosed backyard surrounded by a block wall, offering a covered patio, ramada & firepit perfect for outdoor living & entertaining. A separate, fenced garden area includes raised beds, thriving grapevines & several mature fruit trees. In addition to the attached two-car garage, the property includes a detached garage, providing five additional spaces. This includes an enclosed RV parking. One of the bays in the detached garage is powered. All garage doors are fully insulated. While electricity has not yet been extended to the remaining bays, installation of electronic garage door openers has already been pre-paid. Recent upgrades include a new shingle roof on the main home & a durable metal roof on the detached garage structures. Kitchen was completely remodeled in 2018 with wall separating kitchen from living room removed to create great room. Kitchen appliances include a Maytag washer & dryer set (2018), Maytag dishwasher (2018), Kenmore refrigerator, Kenmore range/oven (2018), Bosch gas cooktop (2018) on the island, along with a new Hotpoint microwave & Whirlpool exhaust fan. Washer & dryer are located between kitchen & attached garage. The sauna is by Dynamic Sauna & the hot tub is Aqua Terra. The property also includes a horse arena with stunning views of the Huachuca Mountains. Bonus Features: Approximately $8,000 worth of high-end materials for a master bathroom remodel are stored on-site & may be available for purchase or negotiation. Frames for one garage door (currently not installed) are also included. Foundation has been laid for a storage shed. Additional materials available. Located just 20 minutes from central Sierra Vista (pop 47k), home to Fort Huachuca Army Base, this property offers proximity to shopping, dining & entertainment while providing peace & privacy away from city congestion. Military retirees will also benefit from full access to base services. Enjoy nearby hiking, history & nature. The region is rich with historical significance, from the Apache Wars to Civil War landmarks. Outdoor enthusiasts will appreciate easy access to Parker Canyon Lake, Patagonia Lake & Peña Blanca Lake ... all just a short drive away. All reasonable offers will be considered.
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.
