10461 E SIMONE AVE, Mesa, AZ 85212
Beautiful home located in the highly sought after neighborhood of Eastmark. This 3 bedroom, 2.5 bath, features a split, open floor plan with two and a half car garage! Walking up to the home you will notice the beautifully paved drive and walkway leading up to the front door. This space is large enough for a bench or quaint table to welcome guests. Once you enter inside, you are welcomed into the grand hallway. To your left you will see the secondary bedrooms and bathroom. A unique feature of this space is that each bedroom has its own vanity space, an entrance into the bathroom, and a walk in closet. As you continue down the hall, you will see the half bathroom to your left and mudroom/laundry space to your right. At the end of the hall, you come to the combination kitchen/dining and living room. The gourmet style kitchen is complete with custom lighting, upgraded cabinets, beautiful white tiled backsplash, ample cabinet and counter space, a grand center island, matching stainless steel appliances, gas range, expansive walk-in pantry and reverse osmosis system. The dining space offers plenty of room for a large dining table, making this space perfect for hosting. This combination living/dining space contains several windows that open to the backyard space, bringing in plenty of natural lighting. At the back of the home, you will discover the primary bedroom and bath. This space is complete with dual vanities, a large walk-in shower, and a considerably sized walk-in closet. Another uniquely perfect feature of this home is the entrance from the primary bedroom into the laundry space, adding a touch of convenience. The backyard space is finished with a covered patio and attached pergola awning, offering plenty of desired shade.
You may be able to put down less than the total down payment amount of $100,309 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: #6753479