1636 E Sattoo Way, San Tan Valley, AZ 85140
4 beds · 3 baths · 3,623 sqft sqft
VA Assumable loan at 2.397%! Encanterra living at its finest! This stunning Alicante model home is a true one-of-a-kind featuring a guest casita with full bath, bedroom, kitchen, living room and plenty of privacy. The entry has a courtyard with an iron door to the main home and a separate entrance to the casita. As you walk through the front door there is a grand staircase that leads upstairs to a loft, 2 additional bedrooms and a Jack n Jill bathroom. You will also notice a formal dining room off the right side of the entrance that leads into the grand great room with a stack stoned gas fireplace as well as a wall of stack stone for a designer touch. The chef's kitchen is perfect for the chef in anyone with a oversized kitchen island as well as a separate island with a wine/bar fridge, stainless appliances including an induction cooktop, custom backsplash that compliments the quartz countertops, upgraded white cabinets, custom light fixtures and a large walk-in pantry. The master suite is downstairs, and it consists of a large bedroom with door to backyard, master bath with a newly remodeled walk in 12" x 24"tile shower with 2 shower heads including a rain shower, bench, double sink quartz vanity with custom lite mirror/medicine cabinets built-in, free-standing tub, double linen closet, private toilet room and a large walk-in closet with custom cabinetry. The backyard is an entertainer's dream featuring a multi slide door off the great room leading out to the must have covered patio and extended travertine paver patio with misters, mounted tv, gas fireplace, wall fountain with fire pots, and a BBQ area with a pergola. As an added bonus this home offers a solar system for added energy efficiency. This home as many addition upgrades including plantation shutters, iron doors, custom iron window decor, brick veneer on the front of the home, water softener and whole house conditioning system, soft water hose in garage, tankless water heater, garage cabinets and workbench, mini split air-conditioning and heating in the garage, all kitchen appliances replaced and upgraded, kitchen remodeled, master, bathroom remodeled, all new carpeting, entire house painted, new flooring in third bathroom and in Casita. See the document tab for the special features list. Some of Encanterra's amenities include a championship golf course, 60,000 sq. ft. Clubhouse with dining, fitness, tennis, pickleball, relaxation, complete w/multiple pools, an expansive athletic club, & full-service Spa.
Source: ARMLS #6776369
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6776369
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: #6776369
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.