Welcome to resort-style living in the highly sought-after Oakwood community of Sun Lakes, where active adult living meets comfort, connection, and convenience. Residents enjoy access to championship golf, tennis and pickleball courts, fitness centers, community pools, walking paths, and a vibrant clubhouse filled with social events, dining, and activities year-round. Perfectly positioned on a premium corner lot just steps from the golf course, this home offers both privacy and proximity to everything that makes Sun Lakes so special. Featuring 2 bedrooms, a 2-car garage plus a dedicated golf cart garage, and easy-care landscaping, this property is designed for low-maintenance living so you can fully enjoy the lifestyle. Inside, you'll find an inviting living room with vaulted ceilings abundant natural light, and beautiful wood-look flooring. Plantation shutters throughout the home add timeless style and functionality. A separate family room provides additional space to relax or entertain. The eat-in kitchen is well-appointed with granite countertops, ample wood cabinetry, recessed lighting, built-in appliances, and a center island for added prep space. The spacious primary suite offers private backyard access, dual sinks, and a walk-in closet. Step outside to your private backyard retreat, complete with a covered patio, pristine artificial turf, and an electronic shade screen for added privacy and comfort--perfect for enjoying Arizona's beautiful weather year-round. Whether you're golfing, socializing, or simply relaxing at home, this is your opportunity to enjoy the best of Sun Lakes living.
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.
