1000 S Castar Dr, Tucson, AZ 85745
4 beds · 3 baths · sqft sqft
Welcome to your dream home with owned solar! VA assumable loan- 2.25% w/current balance around $455K. Buyer must have a VA certificate of eligibility. This meticulously crafted single-story gem offers the epitome of luxurious living. Boasting four bedrooms, three baths, and an additional bonus room, this residence exudes sophistication at every turn. The home's open-concept floor plan is a testament to modern living, featuring lofty 10-foot ceilings and elegant 8-foot doors that imbue the space with an aura of airiness and refinement. With plenty of storage solutions throughout, every corner of this residence is designed to effortlessly accommodate your lifestyle needs. Spacious primary en suite with a generously sized shower adorned with custom tile, completing this sanctuary of comfort and style. Escape the Arizona heat in your own private oasis, complete with a relaxing pool and jacuzzi. Whether you're unwinding after a long day or entertaining guests under the sun, the backyard beckons with its allure of tranquility and serenity. Built in 2019, this property combines contemporary aesthetics with timeless elegance. Situated near the esteemed Starr Pass Resort & Golf, residents are afforded a lifestyle of leisure and convenience, with endless opportunities for recreation and relaxation just moments away. VA assumable loan- 2.25% current balance around $455K
Source: SOUTHAR #22411115
Interest rate and monthly payment estimated based on public records.
Source: SOUTHAR #22411115
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #22411115
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.