7848 W Willow Way, Florence, AZ 85132
2 beds · 3 baths · sqft
3.1% Assumable VA Loan for qualified Veterans. This beautiful retreat in the Merrill at Anthem Ranch community is stunning. From the moment you show up, you'll know this is the home for you. Features that greet you from the curb; a 2-car garage plus golf cart storage space. Your iron gate creates security and a grand entrance before stepping into your private courtyard with plenty of space to enjoy the refreshing mountain air. This home is a beautiful showstopper. The Stunning kitchen is a retired chef's dream with a gas stove and upgraded hood. You'll want to whip up delicious meals for yourself and your friends. The island is perfect for entertaining with your new neighbors or when family comes to visit. There are 2 bedrooms and 2 full baths plus a half bath on a split floor plan, so you maintain privacy even when hosting. Plenty of room with a home office/den, formal dining room, sitting area and living room. Want to take your living outdoors? This home features a lovely backyard with a spa! Tankless water heater, water softener, hanging shelves in the garage and an extended slider glass wall. To top it off, amongst all the other amazing qualities your new property has a 3.8% assumable mortgage. Come see this beautifully upgraded home with amazing neighborhood features like a community center, pool, golf course, walking trail and so much more, you may never want to leave. Community features: 48,000 square foot Recreation Center with amenities such as golf, tennis, pickleball, a putting green, various clubs and classes, indoor and outdoor pools, a spa, an indoor walking track, a golf clubhouse, the Grille Restaurant, softball facilities, a ballroom, a community park, and a fitness center. Experience resort-style retirement living in this incredible home!
Source: ARMLS #6800831
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6800831
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
