VA loan
1 of 7
VA loan
$564,900

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!

Estimated
Seller's interest rate
2.875%
7%
Estimated
Principal & interest
$1,382/mo.
$2,125
You may also save up to $235,683 in total interest paid.
Listing price
$564,900

Your cash down payment
$258,115
Seller’s estimated current equity is $258,115
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,382 monthly payment

Financed
$306,784
Assumed mortgage 2.875% • Seller's rate
$306,784
2nd mortgage 9.25% • No prepay penalty
$0

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

Roam Protection Plan 2
Roam transactions typically close in the same amount of time as a standard home purchase. To give sellers added peace of mind, if it takes longer than 45 days, we will pay the seller's mortgage until we close.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
0.18 acres
Year built
2021
Type
Single Family Residence
HOA dues
$185.00

Source: ARMLS #6800831

Loan
Remaining term
26 yrs and 5 mos
Rate
2.875%
Monthly P&I
$1,382
Remaining loan balance
$306,784

Source: Public records

Who can qualify

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 resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Feb 13, 2025 06:05 pm
Listing agent: La'Tosha Q Davis (602) 578-8664
Listing provided courtesy of: Pivot Realty LLC (623) 207-9899
Details provided by ARMLS and may not match the public record.
MLS ID: #6800831
Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,382/mo
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