16715 E El Lago Blvd # 116, Fountain Hills, AZ 85268
3 beds · 2 baths · 1,299 sqft sqft
Discover Your Dream Home: A 3-Bedroom Condominium Oasis This stunning 3-bedroom, 2-bathroom condominium offers the perfect blend of luxury, comfort, and convenience. With 1299 square feet of thoughtfully designed living space, this home is ideal for families, professionals, or anyone seeking a serene retreat. Key Features: • Split Bedrooms: Enjoy privacy and tranquility with a layout that separates the master suite from the other bedrooms. • Modern Bathrooms: Two beautifully appointed bathrooms featuring contemporary fixtures and finishes. • New Appliances: A fully equipped kitchen with the latest appliances, making meal prep a breeze. • Elegant Finishes: Marble countertops, a mix of carpet, tile, and laminate flooring, adding ... Discover Your Dream Home: A 3-Bedroom Condominium Oasis Welcome to your new sanctuary! This stunning 3-bedroom, 2-bathroom condominium offers the perfect blend of luxury, comfort, and convenience. With 1,300 square feet of thoughtfully designed living space, this home is ideal for families, professionals, or anyone seeking a serene retreat. Key Features: " Split Bedrooms: Enjoy privacy and tranquility with a layout that separates the master suite from the other bedrooms. " Modern Bathrooms: Two beautifully appointed bathrooms featuring contemporary fixtures and finishes. " New Appliances: A fully equipped kitchen with the latest appliances, making meal prep a breeze. " Elegant Finishes: Marble countertops, a mix of carpet, tile, and laminate flooring, adding a touch of sophistication to every room. " Undercover Parking: Convenient and secure parking to protect your vehicle from the elements. Community Amenities: " Clubhouse: A welcoming space for social gatherings and events. " Pool: Dive into relaxation with a refreshing swim in the community pool. " Exercise Equipment: Stay fit and healthy with access to brand-new exercise equipment. Affordable Living: " HOA Fee: At just $325 a month, enjoy all these amenities and more without breaking the bank. This condominium is more than just a place to liveit's a lifestyle. Imagine waking up in a spacious, sunlit bedroom, enjoying your morning coffee on a private balcony, and spending your weekends lounging by the pool or working out in the state-of-the-art fitness center. Don't miss out on this incredible opportunity to own a piece of paradise. Schedule a tour today and experience firsthand the comfort and elegance that awaits you. Are you ready to make this dream home yours?
Source: ARMLS #6732736
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6732736
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.
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: #6732736