Move-in-ready, affordable home ideal for first-time buyers looking for low monthly costs and long-term value. A fully owned 27-panel solar system keeps electric bills exceptionally low, helping stabilize expenses from day one. The home is clean and finished, featuring ceramic tile throughout, recessed lighting, and ceiling fans in every room. The bright living room includes a large picture window, and the functional kitchen connects directly to the dining and laundry areas. The primary bedroom offers a private half bath. Dual-pane windows are installed throughout except the kitchen, with security doors in place. Mature shade trees and established landscaping provide natural cooling and privacy. Seller is a licensed real estate agent in AZ. Offers a rare combination of fully owned solar, extensive parking, and a large, usable lot with alley accessideal for buyers who value flexibility, sustainability, and long-term upside. The home includes a 27-panel fully owned solar system (no lease or payments), significantly reducing energy costs. Mature shade trees throughout the property help moderate summer heat naturally and enhance livability year-round. Inside, the home features ceramic tile throughout, recessed lighting, and ceiling fans in every room. The living room includes a large picture window, and the open kitchen connects directly to the dining area and dedicated laundry space. The primary bedroom offers a private half bath. Dual-pane windows are installed throughout the home except the kitchen, and security doors are in place. The oversized backyard provides exceptional opportunityample room for an addition, ADU, or both, with excellent access via a 12-foot steel double gate to a wide rear alley. The lot also offers plenty of space for future rainwater harvesting systems, expanded landscaping, or a true gardener's paradise. Parking is a major asset, with a 12x25 covered carport, room for vehicles parked back-to-back, and approximately 85 feet of existing paved parking including the carport, plus generous on- and off-street parking. Additional exterior features include a 14x5 covered front patio and an 8x12 shed with 8-foot ceilings. The property is landscaped with established, low-maintenance vegetation, including palms, citrus, pomegranate, mulberry, mesquite, guajillo, privet, and jujubeproviding shade, privacy, and long-term resilience.
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.
