Welcome to this updated 2-bedroom, 2-bath Southwestern contemporary home, where modern updates blend seamlessly with the warm, historic charm of the Villa Del Rio community in Northeast Tucson. Tucked away in a quiet, wooded neighborhood, this home feels like a peaceful retreat while still being close to everything you need. Villa Del Rio is in the process of earning historic designation starting November 2026, and the community offers resort-style amenities including sparkling pools, a heated spa, two tennis courts, a clubhouse, guest parking, RV parking, and the flexibility to enjoy both short-term or long-term rentals. Inside, you'll love the updated kitchen with gorgeous white cabinets, granite countertops, stainless steel appliances, and a beautiful tiled floor. The bathrooms have been updated too, and a new water heater adds to the move-in-ready convenience. With a single-story layout and no stairs, this home is perfect for seasonal visitors, retirees, or anyone who wants easy, comfortable living. There's also a large two-car carport with a spacious storage area, giving you room for cars, bikes, or hobbies. Outside, the backyard is your own private oasis. Enjoy a covered patio, mature landscaping, and irrigation, all surrounded by masonry stucco walls for complete privacy. Best of all, the home backs to a gorgeous grassy common area, giving you a sense of openness and a touch of park-like serenity. The community itself is full of leafy trees and lush green grassa welcome contrast to Tucson's desert landscape. You're just a short walk from Tanque Verde Wash and the Chuck Huckelberry Loop, a 131-mile paved, car-free path perfect for walking, biking, skating, or even horseback riding. And when you want to run errands or enjoy a meal out, Sabino Canyon National Park, Udall Park, shopping, restaurants, groceries, banking, and more are all just minutes away. This home truly offers the best of both worldshistoric charm and modern updates, privacy and community, tranquility and convenience. Come see it for yourselfyou won't want to leave.
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.
