2022 N 22nd Pl, Phoenix, AZ 85006
4 beds · 2 baths · 2,110 sqft
Modern Elegance in Central Phoenix - Better Than New! Step into luxury with this stunning 4-bedroom, 2-bathroom home in the heart of Central Phoenix. Built in 2022 and thoughtfully upgraded with over $60K in enhancements, this home is truly move-in ready. Ask about assumable loan with a rate under 4%! The expansive kitchen is a chef's dream, offering ample storage and high-end finishes, including a built-in wine fridge, Zephyr hood, and Fisher & Paykel dishwasher. Perfect for entertaining, the open-concept design flows seamlessly into the living and dining areas. The spacious primary suite features a walk-in closet and an elegant en-suite bath with a beautifully tiled walk-in shower and double-sink vanity. Thoughtful aesthetic upgrades elevate the home's style, including a wood feature wall, custom Ethan Allen curtains, an Ethan Allen chandelier, and designer wallpaper in three rooms. Escape to your private backyard oasis, designed for outdoor living at its finest. Lush landscaping includes 60+ ficus trees, ash trees, and lemon trees, all illuminated by charming bistro lights. Additional highlights include: 2-car garage with epoxy flooring and built-in ceiling storage. Upgraded landscaping for enhanced curb appeal and privacy. Prime location with quick access to dining, shopping, hiking, and golf all just minutes from Downtown Phoenix, Old Town Scottsdale, and Sky Harbor Airport.
Source: ARMLS #6818435
Source: ARMLS #6818435
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 resourcesWhat 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.