Step inside to a breathtaking open-concept floor plan characterized by soaring high ceilings and an abundance of natural light. The entire interior has been freshly painted--including the baseboards--and features absolutely no carpet for clean, low-maintenance living. The highly desirable split-bedroom layout ensures maximum privacy, highlighted by elegant French doors opening into the fourth bedroom, making it an ideal home office. Both the kitchen and bathrooms have been completely transformed with gorgeous granite countertops, painted cabinetry, newer sinks, updated water fixtures, and upgraded lighting. Storage is never an issue with added custom cabinetry in both bathrooms. Best of all, this home is entirely move-in ready, coming fully equipped with a stainless French door refrigerator, plus a high-end Maytag Maxima front-load washer and electric dryer. Enjoy total peace of mind with major mechanical upgrades, including a brand-new water heater installed in April 2025, and a whole-house water softener. Slide open the back doors to your large, private backyard--a covered patio plus extended brick paver patio, low-maintenance decorative rock and native plants, ready for weekend barbecues, gardening, or a peaceful evening under the desert stars. The Sellers stated they have appreciated their quiet, friendly neighborhood and have enjoyed all the upgrades made to their home, with potential for more. The Rita Ranch Community has everything you want and need, and more coming soon. Situated in Southeast Tucson, this location seamlessly bridges outdoor recreation with modern convenience. You are just minutes from everyday essentials, restaurants, shopping, and the highly anticipated upcoming Costco and Sprouts. Commuting is a breeze with effortless access to I-10, Davis-Monthan Air Force Base (DMAFB), Amazon, and the UA Tech Park. Newer medical facilities and a hospital are nearby. For weekend fun and hobbies, you are just a short distance from the famous Fantasy Island Mountain Biking Trails Park and the incredible Purple Heart Park. More than just a neighborhood green space, Purple Heart Park is a true community anchor featuring: " A sparkling swimming pool and lap pool " An interactive splash pad and large modern playground " A dedicated skate park and separate dog parks for large and small dogs " Baseball fields and a beach volleyball court " Scenic walking paths, picnic ramadas, and a poignant veterans memorial wall This spectacular home truly offers the best of Tucson living. Schedule your private tour today.
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.
