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1848 E Barnacle Ave, Apache Junction, AZ 85119

4 beds · 3 baths · 2,301 sqft

Step into this stunning 4-bedroom home in the legendary city of Apache Junction, located in the sought-after Tomahawk neighborhood. A rare opportunity awaits to assume the current low-interest VA loan, making this home an even better investment! This spacious property features a true den/office conveniently located on the main floor, ideal for conversion into a 5th bedroom if needed. The custom touches and upgrades throughout make this home stand out, starting with the huge kitchen that offers endless counter space, granite countertops, a walk-in pantry, and matching stainless steel GE appliances. The kitchen boasts a new range/stove, a newer dishwasher, and a refrigerator in the kitchen (with an additional fridge in the garage), all included in the sale. Even the washer and dryer are part of the package! Upstairs, you'll find brand new carpet (2024), custom stair rails, and freshly painted neutral walls. A spacious loft area is perfect for transforming into a cozy movie room. The primary suite is a true retreat, with a remodeled bath featuring dual sinks and his-and-hers walk-in closets. Secondary bedrooms are generous in size, offering plenty of space for everyone. Step outside into your lush backyard oasis, complete with a shady pergola, fruit trees including a pomegranate, grapevines on irrigation and a full length covered patio for room to relax or entertain. The home is move-in ready with a newer A/C unit, a recently replaced water heater (April 2024), and garage door has newer motor and spring. Located in a charming low-turnover neighborhood where kids still trick-or-treat, this meticulously cared-for home is a true treasure. Don't miss out on the chance to make this beautiful property your own! Take a tour today and see why this home won't last long! Launch date is 9/14/2024 from 11:00am-1:00pm.

Location
Details
Home
Size
2,301 sqft
Lot size
0.15 acres
Year built
2001
Type
Single Family Residence

Source: ARMLS #6754044

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%. 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.

Other resources
Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

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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.

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Last updated: Oct 26, 2024 12:12 am
Listing agent: Mary Mcinnis (602) 618-6677
Listing provided courtesy of: 72SOLD (480) 998-9900
Details provided by ARMLS and may not match the public record.
MLS ID: #6754044
Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.