Experience refined desert living in this beautifully updated Toll Brothers Montoro Villa, perfectly positioned on a premium south-facing interior lot within the guard-gated Raptor Retreat at Grayhawk. Thoughtfully designed and impeccably maintained, this single-level residence blends timeless architecture with modern luxury, offering 12-foot ceilings, expansive windows, and an open, airy layout ideal for both everyday living and elevated entertaining. The grand great room anchors the home with a gas fireplace, custom built-ins, and seamless flow into the formal dining room and chef-inspired kitchen. Recently updated, the kitchen features rich cabinetry, stainless steel appliances, quartz countertops, a designer tile backsplash, an undermount sink, and elegant pendant lighting. The split floorplan includes 2 bedrooms, 2 dens, and 2.5 baths, creating versatile spaces for work, relaxation, or hosting guests. The expansive primary suite is a true retreat with hardwood flooring, dual custom-organized closets, and a spa-like bath showcasing quartz counters, upgraded fixtures, and a zero-entry walk-in shower with designer tile surrounds. Additional enhancements elevate the home throughout, including stone flooring, plantation shutters and Duettes, a built-in entertainment center, a Nuvo water softener, a built-in wine fridge, in-ceiling audio, and a series of updated plumbing and lighting selections that complement the home's timeless design. Enjoy serene indoor-outdoor living on the extended paver patio enhanced with a motorized Somfy shade, low-maintenance desert landscaping, and peaceful southern exposure backing to a natural wash with no neighbors behind. Residents of Halcon Villas enjoy exclusive access to a resort-style community pool and spa, lighted tennis courts, and beautifully maintained grounds. All within walking distance to Grayhawk's dining, shopping, trails, parks, and effortless 101 freeway access. This is luxury living in one of North Scottsdale's most coveted gated enclaves.
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.
