16747 W WILDFLOWER DR, Surprise, AZ 85387
Amazing opportunity to own this custom home situated on a 1 acre lot. Built in 2018 this single level home has been gently lived in. A split floor plan featuring 4 bedrooms and 2.5 baths. The kitchen boasts crisp white cabinetry, quartz countertops with coordinating subway tile and stainless appliances. This opens to the dining space and great room making it ideal for entertaining or casual family living. The dining space and the great room have sliders which open to the backyard. The primary bedroom is spacious and features a spa-like bath complete with a large walk-in shower with custom tile, a garden style tub, dual vanities, and an amazing walk-in closet! Three other bedrooms are also generous in size and each have walk-in closets and share a full size bathroom. A powder room off the hallway is convenient for guests. The laundry room is perfect in size and has a utility sink. The home features wood plank tile throughout along with modern lighting and raised panel interior doors. You will enjoy your evenings under your covered patio with extensive pavers while the kids or dogs run and play on the artificial turf. Plenty of room here for horses or to create your dream backyard with room for a pool and an outdoor kitchen. The sellers will even gift you with solar paid by them IN FULL at closing! This will save on your utiliity bills for years to come! Come enjoy the good life where it is quiet, but not far from shopping, dining, and freeway access.
You may be able to put down less than the total down payment amount of $366,695 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: #6727654