HONEY STOP THE CAR! Your very own desert oasis awaits. This perfect desert retreat is nestled in the active senior community of Sun City Shadow Hills. This carefully curated 2 bedroom and den home with oversized two car garage is set against the stunning backdrop of the Shadow Hills. The southeast facing, extra large 9148 sf lot is just the right setting for this spacious San Emilio model (see supplements for the floor plan). The sparkling pool with waterfall and spa is thoughtfully placed on the west side of the home. There are several outdoor rooms including a gazebo, patio area with misters and an open patio near the natural gas BBQ. The spacious open floor plan features high ceilings, ceramic tile floors and low pile carpet. The living room has a gas fireplace and dining area. The kitchen has a large island, walk-in pantry and loads of granite counters. The built-ins include a gas cooktop, double ovens (one oven is convection) and microwave. The breakfast bar is just off the living room and opens to the kitchen. The spacious laundry room has a washer and dryer. There are two bedrooms and a den. The Primary bedroom has an en suite bathroom featuring a step in shower with bench. The huge walk-in closet provides lots of room for everything! The guest bedroom faces the front of the house and the den overlooks the beautifully landscaped yard with drip system on timer. The 3 hose bibs have conveniently been moved away from the exterior of the home to the landscaped area. This home is perfect for a primary residence or a desert getaway. PLEASE READ THE SUPPLEMENT PAGES for more information about this stunning home and the many amenities Sun City Shadow Hills has to offer. Click on the 360 tab for a VIRTUAL TOUR. Visit SunCityShadowHlls.com for more information about the golf courses, restaurants, gyms, tennis, pickle ball and so much more. Click on the SUPPLEMENTS to see a list of Interior and Exterior Furnishings available as a gift to the Buyers AND a list of the Sun City Shadow Hills amenities.
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.
