1294 E La Fortuna Ct, San Tan Valley, AZ 85140
4 beds · 3 baths · 3,000 sqft
Your DREAM home is here! Located in San Tan Meadows, this gorgeous 4-bedroom residence is sure to impress. Great curb appeal with veneer accent details, paver driveway, cozy courtyard, and a low-care landscape w/artificial turf. The RV gate and oversized 5-car garage ensure plenty of parking space. The home exudes elegance with tons of natural light, tall ceilings, shiplap & exposed beams, a neutral palette, wood-look tile flooring in common areas, and soft carpet in bedrooms. You'll love the spacious open layout paired with multi-sliding doors to the back! The gourmet kitchen boasts sleek SS appliances, quartz counters, recessed lighting, subway tile backsplash, a pantry, pristine white 42'' cabinets, and a huge island w/breakfast bar. This gem also comes with a bonus room & a large den. Built-in drop zone in the mudroom! Enter the main bedroom to find an ensuite with a soaking tub, a glass-enclosed shower, dual quartz sinks, & a walk-in closet. One secondary bedroom with its own private bathroom for added comfort. Large laundry room with cabinetry. Let's not forget the expansive backyard, where you can relax and have a fun gathering! A full-length covered patio, synthetic lawns, and well-laid pavers complete the picture. With room for a pool, you can make it an ideal outdoor oasis. Located on the San Tan Valley-Queen Creek border, this home offers easy access to the 24 freeway, shopping, & dining options. Experience peaceful suburban living with easy access to city amenities! Don't miss this rare opportunity! Seller will contribute $15,000 towards Buyer closing costs w/full priced offer.
Source: ARMLS #6831818
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6831818
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.