10248 W BENT TREE DR, Peoria, AZ 85383
HUGE savings, almost $300 per month with OWNED SOLAR! That's equivalent to nearly a 3/4% reduction in interest rate (assuming 80% loan amount). Welcome to Northlands Passage in North Peoria, best value for the money in the area, where the skies are bigger and the sunset glow fills the sky with radiant pink, yellow, orange and purple hues. Step outside every morning and view the beautiful Calderwood Butte out your front door and back patio, plus with the trail head right down the street you'll get the full enjoyment of this very special home in a very special community. Step inside this modern and move-in-ready Bradshaw Model by Taylor Morrison, with 2605 sq.ft. of interior living space, 4 BEDS + 2.5 BATHS and a 4 CAR Garage. Open concept main living with a crisp neutral color pallet... gray wood look porcelain tile floors, can lighting, surround sound, white trim, blinds and doors. Upgraded light fixtures with sleek industrial-inspired style ceiling light/fans and hammered aqua glass pendant lighting. Separate 3 & 2 panel patio access doors, giving you a smooth transition between your indoor and outdoor living space for those beautiful Arizona days and nights. Kitchen features light granite countertops and island, contrasting espresso cabinets, clear pendant lighting, stainless steel GE Cafe appliance package with hood and a walk-in pantry for all your storage needs. Step into your master suite, light and bright with full master bath, featuring granite counters with double sinks, espresso vanity, garden tub, stand up shower, separate toilet room and walk in closet. 3 additional bedrooms( 2 w/walk-in closets) and full bathroom give you plenty of space, flexibility or privacy within your home. Open both sliding doors, step outside, take a deep breath and enjoy the beautiful view. With an extensive paved patio area and walkway, green space, and a beautifully landscaped back wall w/water and electric connections in place for a future fountain or water feature. Gas has also been extended to the backyard paver area for a built-in BBQ/outdoor kitchen, SOLAR will be paid off at closing. There truly is nothing to do except move in and live your absolute best life. Neighborhood mountain views and trails, close proximity to 303 freeway access, 10 minutes to TSMC, shopping, dining, entertainment, health care, and less than 20 min. away from beautiful Lake Pleasant Regional Park. A list of updates, APS and floor-plan are available in the documents tab.
You may be able to put down less than the total down payment amount of $405,550 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #6721758