16501 W Rowel Rd, Surprise, AZ 85387
5 beds · 3 baths · 3,547 sqft sqft
Welcome to your dream home! Situated in the coveted Desert Oasis of Surprise, this 5-bedroom, 2.5-bathroom residence boasts an array of luxurious amenities designed to enhance your lifestyle. Step inside and be greeted by the warmth of this inviting home, where attention to detail is evident at every turn. The spacious living area features luxury wood laminate flooring, setting the stage for relaxation and entertainment. The heart of the home lies in the gourmet kitchen, complete with KitchenAid appliances, beautiful cabinets with ambient lighting, and convenient pull-out shelves. Adjacent to the kitchen, a separate breakfast nook offers ample space for casual dining, perfect for enjoying morning coffee or hosting intimate gatherings. For outdoor enthusiasts, the backyard oasis awaits. A backyard pad with 220 power already installed provides the perfect setting for a kitchen or spa, promising endless possibilities for outdoor enjoyment. Practicality meets convenience with a 3-car tandem garage, offering plenty of space for parking a full-size truck while still allowing for easy access. Inside, the laundry room boasts a wash basin, countertops, and cabinets, adding functionality to everyday tasks. The main level features a spacious master bedroom, providing a private retreat with ensuite bathroom and walk-in closet. Upstairs, discover four additional bedrooms, three with walk-in closets, a loft area, and a full bath, ensuring comfort and privacy for the whole family. In addition to the luxurious features of the home, enjoy the convenience of close by nature trails and green belts scattered throughout the neighborhood, perfect for outdoor adventures and leisurely strolls. Whether you're looking for a place to grow your family or seeking a retreat for relaxation and entertainment, this home offers the perfect blend of comfort, style, and functionality. Don't miss the opportunity to make it yours!
Source: ARMLS #6665814
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6665814
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: #6665814
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.