1646 N CHESTNUT CIR, Mesa, AZ 85213
Nestled at the end of a peaceful cul-de-sac, this remarkable residence offers a harmonious blend of spacious living and unbeatable convenience. Boasting a sprawling lot and an array of coveted amenities, this is the epitome of Arizona living at its finest. Step inside and prepare to be captivated by the warmth and charm that envelops you. The heart of the home is a welcoming living area, featuring a cozy fireplace that invites you to unwind in the evenings. Bathed in natural light streaming through expansive windows, this inviting space is perfect for both relaxation and entertaining. The adjacent kitchen is a chef's dream, equipped with newer appliances and ample cabinet space. Whether preparing a family feast or whipping up a quick snack, this culinary haven is sure to inspire your inner chef. The accommodation is equally impressive, with four spacious bedrooms providing comfort and privacy for all. The luxurious master suite is a serene retreat, boasting a newly remodeled bathroom shower. But perhaps the true highlight of this exceptional home lies outdoors. Step into your own private paradise, where a large fenced-in yard awaits. Perfect for children and pets to play freely, this expansive outdoor space offers endless possibilities for outdoor enjoyment. Cool off on hot summer days with a refreshing dip in the sparkling diving pool, or simply bask in the Arizona sun on the spacious patio. The Arizona room provides the perfect spot for dining or enjoying a leisurely afternoon with loved ones. Conveniently located within walking distance of Chaparral Park and Hale Elementary school, this residence offers unparalleled access to recreational amenities and educational opportunities. With shops, restaurants, and entertainment options just moments away, everything you need is right at your fingertips. Don't miss your chance to experience the ultimate in Arizona living. Come discover the endless possibilities that await in this exceptional oasis!
You may be able to put down less than the total down payment amount of $216,252 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #6717351