18051 W Port Royale Ln, Surprise, AZ 85388
3 beds · 2 baths · 1,828 sqft
Look no further! This gorgeous 3 bed plus Flex/Den, 2 bath property now for sale in Sierra Montana is the one for you! All you have to do is move in; the work has been done for you. Over $30k in 2025 updates including brand new R/O system, $12k in professional landscaping (new PVC underground pipes, all new drip lines, valve box, new sprinklers and timer, shrubs and two new Red Pistache trees AND winter/summer REAL Grass. All interior paint completed in March 2025 (walls, trim, baseboard, ceilings, closets, pantry and interiors doors). New upgraded plush carpet and pad (Jan. 2025). Chef's Kitchen includes $20k+ appliance package with Subzero Fridge, Wolf Gas Range, 42'' White Shaker soft close cabinets and drawers. Brand new outdoor Modeno Gas Firepit. Great curb appeal and a 2 car garage w/extended bump out. TONS of custom cabinetry for extra storage. Come inside to discover a spacious open floor plan w/easy-care marble look polished porcelain tile flooring throughout. You'll love the primary bedroom, showcasing soft carpet, a walk-in closet, and a full ensuite w/dual sinks. Also including a wonderful backyard w/a covered patio, paver seating area w/a built-in WOLF BBQ, and a refreshing pool (all new gas plumbing for a pool heater already in place if new owner wants to add a heater) No backyard neighbors. North facing, with solar panels to reduce your utility bills. Single story homes on both sides; total privacy backyard. This home is a dream come true! Don't miss out!
Source: ARMLS #6841870
Financials
Source: Public records
Source: ARMLS #6841870
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.