Exceptional quality and thoughtful upgrades define this beautifully maintained Chandler home with an oversized 2-car garage, resort-style pool and spa, and a highly desirable split floor plan. From the moment you enter, the home feels open, bright, and refined with plantation shutters throughout, spacious living areas, and seamless indoor/outdoor flow designed for both elegant entertaining and comfortable everyday living. The gourmet kitchen is sure to impress even the most discerning buyer, featuring granite countertops, stainless steel appliances, gas cooktop, wine refrigerator, breakfast bar seating, and abundant prep and storage space. The private primary suite offers a true spa-like retreat with a custom oversized walk-in shower, floating vanity, lighted mirror and an expansive.... walk-in closet. Secondary bedrooms are generously sized and thoughtfully separated for privacy and flexibility. Step outside to a meticulously designed low-maintenance backyard oasis complete with a Pebble Tec pool and spa, built-in BBQ with new grill, turf area, and lush yet easy-care landscaping -- ideal for entertaining or quiet evenings at home. The oversized garage offers built-in cabinetry and exceptional storage rarely found in comparable homes. Located in a prime Chandler location within the highly acclaimed Kyrene School District, and just minutes from upscale dining, shopping, entertainment, I-10, and Loop 202, this home combines luxury, convenience, and timeless appeal.
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.
