1814 W Desert Spring Way, San Tan Valley, AZ 85144
3 beds · 2 baths · 1,707 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Mountain Views, Arizona Sunsets, North/South exposure, Corner Lot...as if that was not enough, experience resort-style living in your OWN home. This home is a true hidden gem that has been meticulously maintained and updated! This beautiful 3-bedroom, 2-bathroom home, featuring a backyard oasis that's perfect for relaxation and entertaining. The highlight of this property is the stunning outdoor space, complete with a sparkling pool and lush landscaping that creates a serene and private retreat. The spacious corner lot offers additional privacy, making the backyard feel like your own personal paradise. Whether you're hosting a poolside gathering or enjoying a quiet evening under the stars, this outdoor space is sure to impress. Inside, the home has an open floor plan with seamless flow, a modern kitchen with stainless steel appliances and a large island, white cabinets and granite countertops gives a sense to elegance which overlooks the great room, which ties it all together. What an incredible opportunity to own this tastefully remodeled home. Run, do not walk as this beauty will not last.
Source: ARMLS #6804581
All values shown are estimated costs / mo.
Source: Public records
Source: ARMLS #6804581
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.
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.
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.
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.
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 “Save search” 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.
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 620, 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.