20310 E ESTRELLA RD, Queen Creek, AZ 85142
Amazing Value! Seller is prioritizing a fast sale over getting every dollar. In the heart of Queen Creek, luxury and a resort pool await. This stunning 5-bedroom, 3.5-bathroom residence, built in 2021, is situated in the highly sought-after community of Victoria Heights. The home features a MULTI-GEN suite on the lower level, complete with a separate living area, bedroom, and full bath, offering versatility and convenience. Upon entering, you'll be captivated by the modern updated finishes and the abundance of natural light that fills the space. The home boasts 8-foot doors and 10-foot ceilings, enhancing the sense of openness and elegance. The entryway features a striking black modern accent wall and a den with a closet that can easily convert to a sixth bedroom if needed. CLICK MOR The bathrooms are designed with luxury in mind, featuring high-end shower heads and special blue lights for disinfecting and killing germs. The upstairs spare bathroom is plumbed for a two-sink vanity, offering the option for future upgrades. The spacious living area is perfect for entertaining guests or relaxing with family. The gourmet kitchen is a chef's dream, complete with sleek granite countertops, an electric range/oven, ample storage space in the walk-in pantry, maple cabinets, and an island with a sink that doubles as a breakfast bar. The generously sized laundry room includes additional storage under the stairs with a cat door, providing a cozy hangout for your feline friends. Upstairs, you'll find an oversized bonus loft and the remaining bedrooms, including the luxurious master suite. Step outside to the backyard oasis, featuring travertine pavers, artificial turf, a covered patio, and a gated dog run. Enjoy the luxurious pool with a large Baja step, perfect for soaking up the sun under an umbrella. The heated pool and spa, complete with fire pots and a waterfall from the spa, create a serene retreat. This home is ideally located just minutes from Frontier Park, which offers various sports fields, courts, a playground, a lake, and picnic areas. Pebble Beach at Salt River is only 30 minutes away, providing additional recreational opportunities. The community features two parks within walking distance, community events, and activities that bring neighbors together. Enjoy Friday Food Trucks within walking distance and a night out dancing and dining under the stars at San Tan Flats, just five minutes away. With great schools and plenty of dining and shopping centers nearby, this home offers the perfect blend of luxury, convenience, and community. Welcome to your new home in Victoria Heights!
You may be able to put down less than the total down payment amount of $88,429 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: #6720575