Positioned on nearly half an acre in the heart of Phoenix's iconic North Central Corridor with no HOA, this property delivers a rare combination of space, flexibility, and an unbeatable lifestyle location. Just moments from some of the area's most popular restaurants, wine bars, coffee spots, and nightlife destinations, this is a home where you can enjoy a quiet, private setting while still being minutes from the energy of Uptown and Downtown Phoenix. One of the most unique features is the fully self-contained attached casita, offering its own private entrance, kitchen, living room, bedroom, laundry, and a screened-in porch--perfect for multigenerational living, visiting guests, rental income, or a separate work-from-home environment. Originally built in 1949 and extensively updated, the and extensively updated, the home blends classic character with modern livability. The main living areas connect effortlessly, anchored by a warm and inviting family room with a wood-burning fireplace--creating a comfortable gathering space for both everyday living and entertaining. The primary suite and bathrooms have been tastefully remodeled, and major system upgrades--including plumbing, sewer lines, and water systems--have already been completed (full list available), providing long-term peace of mind. Throughout the home, luxury vinyl plank flooring runs wall-to-wall with no carpeting, offering a clean, modern look that is ideal for children, pets, and those seeking an allergy-friendly environment. Outdoor living is where this property truly shines. In addition to a sparkling saltwater pool with waterfall feature, the home offers multiple screened-in patios and outdoor living spaces, creating the perfect setup for year-round Arizona living. Whether it's morning coffee, evening cocktails, or hosting friends, these spaces provide comfort, flexibility, and seamless indoor/outdoor flow. A covered patio with lighting and fans, along with a charming gazebo, further enhances the entertaining experience. Running through the yard is a rare irrigation creek, adding both function and a tranquil, one-of-a-kind backdrop. The backyard is designed for easy, low-maintenance living, featuring a thoughtful blend of turf, granite rock, and mature desert foliage--allowing you to fully enjoy the space without the upkeep typically associated with larger lots. The oversized lot offers exceptional versatility, including an RV gate, abundant parking with room for up to 10 vehicles, and ample space for recreational use or future enhancements such as a sport court. Inside, custom handcrafted barn doors add warmth and personality, giving the home a sense of character you simply don't find in typical finishes. Located within the desirable Sunnyslope High School district and offering quick, convenient access to some of Phoenix's best dining, nightlife, boutique shopping, and entertainment, this home is ideal for those who value both walkable urban energy and private residential space. Opportunities like this--featuring a true casita, expansive lot, RV access, and prime North Central location--are rarely available.
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.
