1131 E Superstition Blvd, Apache Junction, AZ 85119
4 beds · 3 baths · 3,680 sqft
Price Improvement! Time to Move!! Experience breathtaking, unobstructed views of the Superstition Mountains from this expansive 2.5-acre property, perfectly situated across from State Trust Land for ultimate privacy and endless possibilities. Located in Apache Junction, one of the best places in Arizona to experience the Western way of life—a way of life that has become just a memory for most cities and towns—this home offers a rare opportunity to embrace wide-open spaces and a true sense of freedom. The home is ideally placed, leaving plenty of space on the west side for an RV garage, horse stalls, or the ultimate setup to match your lifestyle. Major updates are already done, so you can focus on making it your own. Both A/C units were replaced just five years ago with energy-efficient 15 SEER models, the roof was replaced last year and comes with a 10-year warranty, and a Kinetico whole-house water filtration system ensures top-quality water throughout. The home also features newer dual-pane windows, durable 2x6 construction, and block fencing for added comfort and security. Step inside to a massive kitchen and great room, perfect for entertaining, complete with a warm, inviting wood-burning fireplace. Whether you're dreaming of a custom retreat or a move-in-ready home with room to grow, this property is a rare find a true canvas for your imagination. A property where breathtaking views, endless possibilities, and modern comforts come together experience it in person!
Source: ARMLS #6814152
Financials
Source: ARMLS #6814152
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.