175 W ROCK CREEK PL, Casa Grande, AZ 85122
SELLER FINANCING AVAILABLE! No need to qualify from a bank. Discover the joy of owning this charming single-level residence in the highly desired community of Coyote Ranch! This delightful home features a large 2.5 garage with tons of built in storage and makes for a perfect workshop setup. It also has an RV gate with full RV hookups, and easy-care desert landscape. Step inside to find a desirable great room adorned with pre-wired surround sound and elegant plantation shutters. The modern kitchen boasts recessed lighting, honey oak cabinets with crown molding, stainless steel appliances, a handy pantry, granite countertops, a center island with a breakfast bar, and a bay window in the dining area. The carpeted main bedroom includes an ensuite with dual vanities, a separate shower and tub. Huge spacious walk-in closet in the master suite. Enjoy the generously-sized backyard with a storage shed, garden fountain, and covered patioperfect for relaxation. The cooling system was updated in 2021 to a 5 ton 14 seer unit and is a wheelchair accessible home. Act now before it's too late!
You may be able to put down less than the total down payment amount of $57,275 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: #6734174