11813 W Marguerite Ave, Avondale, AZ 85323
5 beds · 4 baths · 3,158 sqft
Welcome to your dream home in Alamar surrounded by gorgeous mountain views! This stunning David Weekley residence boasts over $120k of interior upgrades, with an additional $155k invested in the front and backyard, creating a truly luxurious oasis. Step inside to discover an inviting open floor plan, adorned with tile flooring throughout- not an inch of carpet to be found. Vaulted ceilings create an airy atmosphere, complemented by plantation shutters throughout and ample windows for natural light. The heart of this home is the gourmet kitchen, featuring an oversized quartz island, wine fridge, hood, built in wall oven and microwave and gas cooktop. With 4 bedrooms a 5th room that can easily have a closet added for a 5th bedroom and an additional retreat/teen area, this split floor plan home offers versatility and potential for multi-generational living. Outside, indulge in your own backyard paradise, complete with an expansive pool featuring a large relaxing baja step, water feature, gas fire bowls, an in-floor cleaning system, and customizable lighting. Unwind in the spa under the stars, surrounded by lush flowered greenery, and artificial turf, evoking a private resort ambiance. Entertain in style on the extended travertine patio, equipped with a built-in gas BBQ and gas fire pit with seating area. The 2 car garage features additional insulation and ample overhead storage. Extended pavers offer 4 car driveway parking as well as an 8 foot side gate for your toys. This home is centrally located to the west valley and only minutes from the Loop 202 and I-10. Here you'll have a small town feel in your backyard, while being only 5 minutes from Phoenix Raceway, a short drive from Goodyear Ballpark and the Estrella Mountains for all your entertainment needs. The highly rated Laken Prep Academy is nestled right in the neighborhood for easy access to school as well. Additional upgrades to note: whole home water filtration and reverse osmosis, whole home built in security system, sunscreens at the back of the home, stone wall at the backyard to be used as a planter/garden.
Source: ARMLS #6746842
Source: ARMLS #6746842
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.