1913 N Cota Ln, Thatcher, AZ 85552
4 beds · 2 baths · sqft
Step into a beautiful residence - a 4-bedroom, 2-bathroom home nestled in a serene neighborhood. Upon entering, discover thoughtfully designed open-concept living spaces flooded with natural light with a split layout. The chef's dream kitchen boasts white shaker cabinets with knobs and pulls, granite countertops, large center island, subway backsplash, custom shelving, custom pendant lights, stainless steel appliances and a reverse osmosis faucet. There's a nook adjacent to the kitchen perfect for family dining. The spacious 4 bedrooms accommodate both family and guests, while the 2 well-appointed bathrooms enhance convenience. The principal suite is a private retreat featuring a walk in closet, double sink vanity, soaking tub, and a beautiful tile shower with two shower heads and with a custom glass enclosure. Other features include ceiling fans in each room, custom shelving in laundry room, exterior stone veneer, water softener system, fire pit, solar, block wall with double gate. This property is beautifully landscaped with decorative rock, lush grass with automatic sprinklers in the back yard, along with a shed, raised garden beds, and a chicken coop. Come view today!
Source: SOUTHAR #22420729
Interest rate and monthly payment estimated based on public records.
Source: SOUTHAR #22420729
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 30-day close.
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.
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.
MLS ID: #22420729
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.