18157 W LAS PALMARITAS DR, Waddell, AZ 85355
VA ASSUMABLE LOAN! 2.75% interest rate! PREPAID Solar Lease! GORGEOUS MOUNTAIN VIEWS! Welcome to your dream home in Waddell! This stunning and meticulously maintained property boasts a PREMIUM LOT with breathtaking, unobstructed VIEWS of the majestic White Tank Mountains. The lush green GRASS and PERGOLA with outdoor BBQ area make for the perfect oasis in your backyard. Get ready to host the ultimate get-togethers with family & friends! The home itself is move-in ready and features a desirable split floor plan with 3 bedrooms / 2 baths, providing the utmost PRIVACY and comfort for you & your loved ones. The 3 car EXTENDED GARAGE offers ample storage space for all your toys and hobbies. And with BRAND NEW APPLIANCES and FLOORING, you can simply unpack and start enjoying your new HOME! But that's not all - this home also comes with a PAID OFF SOLAR lease, saving you money on your energy bills! Imagine spending quiet evenings gazing at the FULL NIGHT SKY from your backyard with no obstructions. Simply magical! YARD WAS COMPLETELY REDONE IN 2022-2023 AT A COST OF $21,000 Located near the White Tank Regional Park, you'll have access to a wide variety of outdoor activities such as hiking, camping, and more. And with easy access to the 303, you can enjoy a quick commute to work while still enjoying the peaceful small town feel of Waddell. Don't miss out on the opportunity to call this amazing property your own.
You may be able to put down less than the total down payment amount of $92,481 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: #6741143