1415 N 15th Ave, Phoenix, AZ 85007
4 beds · 2 baths · 1,626 sqft sqft
This beautiful 1929 Spanish Colonial Revival in the FQ Story Historic District showcases vintage Phoenix at its finest with active historic building tax status providing significant property tax benefit! Great floorplan with bright, natural light streaming into every room. You'll find a neutral palette throughout, with 4 beds, 2 baths, dining room, dine-in kitchen, interior laundry room, and generous closet/storage spaces. The 2 bed/1 bath on one side would be perfect as primary suite bed/bath w/nursery or large dressing room - also ideal as roomy in-law suite with private entrance. Features 2 driveways: front and rear with a large attached/covered rear carport completely enclosed within property with custom 2023 rear remote gate Upgrades include: 2 newer split HVAC units, ceiling fans in all bedrooms and kitchen, 2022 water heater, 2018 washer/gas dryer, front/rear irrigation system with 2024 timer, owned security system, 2023 exterior painted, 2024 interior paint, 2023 exterior awnings/window sun drapes, 2019 flat roof elastomeric coating, 2024 window treatments, all kitchen cabinets w/child-safe closures, 2024 rear drive refinished, and 2 large storage sheds. The property is private and serene, bordered in front by "green fencing" hedge, a front patio accessed via French doors, and fully enclosed backyard with a flagstone patio. Easy to maintain landscaping front and rear. Complete service records provided to new owner. Close to vibrant restaurants, many cultural venues and convenient to all valley freeways/airport/medical facilities. This is quintessential historic neighborhood living in the highly desirable FQ Story!
Source: ARMLS #6779479
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6779479
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
MLS ID: #6779479
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.