SOLAR LEASE ELIMINATES ELECTRIC BILL COMPLETELY! Built in 2021, this beautifully maintained single-story home offers modern design, functional living, and a highly desirable generational layout with attached guest quarters. Water Softener to rid of those AZ Minerals! The exterior features attractive stone accents, neutral desert tones, and low-maintenance landscaping that complement the surrounding Arizona environment. Inside, the home showcases an open-concept floor plan with tile flooring, high ceilings, and abundant natural light throughout. The kitchen serves as the centerpiece of the home, featuring granite countertops, stainless steel appliances, ample cabinetry, and a large island with breakfast bar seating, making it ideal for both everyday living and entertaining. The kitchen serves as the centerpiece of the home, featuring granite countertops, stainless steel appliances, ample cabinetry, and a large island with breakfast bar seating, making it ideal for both everyday living and entertaining. The main living areas flow seamlessly, creating a comfortable and inviting space for gatherings. A standout feature of the property is the attached guest quarters, offering true generational living with added privacy and flexibility. This space is ideal for extended family, guests, or potential rental use, providing a separate living area that allows for independence while remaining connected to the main home. The primary suite is spacious and well-appointed, while the additional bedrooms offer versatility for family, guests, or home office use. The home's layout is designed to accommodate a variety of living needs with both comfort and functionality in mind. ELECTRIC CAR CHARGER IN GARAGE! The backyard features a low-maintenance paver patio and no neighbors behind, providing added privacy and open views. Conveniently located near Luke Air Force Base with easy access to major freeways, shopping, and dining, this home is ideal for those seeking newer construction, flexible living space, and a prime location.
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.
