12079 S Nicole Ave, Tucson, AZ 85736
3 beds · 1 baths · 1,176 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Range priced. Seller will accept or counter all offers between 325k and 350k. You have just come across the updated horse property on over 3 acres that you have been looking for!! You enter your new ranch on all paved roads. The home has all new flooring, new kitchen counters and cabinets and appliances, newer washer and dryer, new interior paint, stone fireplace, upgraded water heater. The roof and AC have both been replaced in the last 3 years. Triple pane windows for energy efficiency! The views from your extended covered porch of Kitt Peak and Sierrita Mountains are outstanding. The 800 sq foot additional building can be used for anything from guest quarters to a commissary kitchen for a food truck or office or man cave. This space is heated and cooled. Upgraded back yard wit block wall and built in firepit with benches and a built in BBQ! Decorative gates adorn your yard. The night skies are perfect for watching the stars and serenity! The extra room build details are in the documents section, but it has water, water heater and a 220 AMP. This property is updated, upgraded, and unique! At 3.35 acres your future horse facilities will fit naturally on the property as the home is located on the front portion.
Source: SOUTHAR #22507142
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: SOUTHAR #22507142
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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 and Equal Opportunity Act.