16825 S 12th Way, Phoenix, AZ 85048
4 beds · 3 baths · 3,000 sqft sqft
Welcome to this beautifully renovated 4 bed / 2.5 bath home on a gorgeous hillside lot in the Foothills Community of Ahwatukee. As you enter the expansive great room, featuring soaring ceilings & an abundance of natural light, you'll notice how every element was thoughtfully and purposefully designed. The heart of the home is the state-of-the-art gourmet kitchen, boasting a stunning 12-foot quartz island, perfect for entertaining. Every chef will appreciate the brand-new soft-close cabinets, sleek designer pendant lights, & top-of-the-line appliances, including a Bosch refrigerator, Bosch oven with warming drawer, Thermador gas stove, & a Scotsman ice maker that produces 40 pounds of ''sonic'' ice cubes. The reverse osmosis system provides crisp, clean water to the refrigerator & ice maker. The home features new Italian porcelain tile downstairs & plush carpet upstairs, both updated in 2022. Energy efficiency & comfort are ensured with dual-pane tinted windows throughout, remote-controlled window treatments in the family room, & two A/C units, both replaced within the last three years. A new water softener, reverse osmosis system, & propane tank were also recently installed. Retreat to the spacious primary bedroom with its large walk-in closet & built-in shelving. The master bathroom, fully renovated in 2024, offers a spa-like experience with new tile flooring, a stunning walk-in shower with a rainwater showerhead, floor-to-ceiling tiling accent wall, dual sink vanity, & a free-standing soaker tub. Both the guest & hall bathrooms have been thoughtfully updated with new vanities, fixtures, & walk-in showers, ensuring comfort & style for family & visitors alike. The upstairs office/den is the perfect place for a home office or cozy space to hang out. Enjoy memorable gatherings in the private backyard with no neighbors behind you. This expansive space includes a covered patio, artificial turf, a built-in BBQ, & a crystal-clear pool & spa. This home is truly a gem, offering modern amenities, luxurious upgrades, & timeless elegance. Don't miss the chance to make it yours!
Source: ARMLS #6760684
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6760684
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: #6760684
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.