20875 W MAIDEN LN, Buckeye, AZ 85396
This home has an ASSUMABLE 2.38% VA loan! Welcome to your dream Verrado home, perfectly situated amidst picturesque tree-lined streets, parks, pools, and a bustling community center. This charming abode awaits you on a coveted green belt with an amazing view facing a park! Step inside to discover a culinary haven in the stunning kitchen, complete with granite countertops, an inviting tile backsplash. stainless steel appliances, a gas range, and well appointed cabinets with plenty of storage! The seamless open-concept layout flows effortlessly from the kitchen to the dining and living areas downstairs with 3 a panel slider to the patio! Convenience meets comfort with a downstairs bedroom and a full bathroom, providing versatile living options. Upstairs, a thoughtfully designed split floorplan awaits with an amazing master bedroom sanctuary. Indulge in the opulent ensuite bathroom showcasing a large walk-in shower with a built-in bench seat and rainfall shower for a spa-like retreat. Dual vanity sinks and a generously sized walk-in closet add to the allure of this tranquil haven. Adjacent to the primary suite, discover a spacious loft area, two additional bedrooms, and another full bathroom, offering ample space for family and extra living space. Others items that this home possesses include a natural gas stub outside for grilling or firepit, water softener and RO system, deep sink in garage and stainless deep sink in laundry. Also, items that can convey with the home include a natural gas grill, 2 refrigerators, 1 freezer, household commercial washing machine and gas dryer, and 2 x 55 inch and 1 x 60 inch Smart TVs with full motion wall mounts. Step outside to discover a charming porch overlooking a vast, grassy area, offering a perfect spot for relaxation or social gatherings. There is also extra parking in the back for residents and guests! This exquisite home in Verrado is just steps away from the new Heritage Community Center and School, where you can enjoy community perks like a pool, splash pad, and BBQ area. Embrace the vibrant lifestyle of Verrado with its close proximity to Heritage Elementary, Heritage Swim Park, nearby dog park, walking trails, many other parks and the majestic White Tank Mountains. Take advantage of the community's main street, featuring a variety of restaurants, a coffee shop, grocery stores, and a award winning community center. Enjoy recreational amenities including a golf course, top-rated schools, and the convenience of a new Costco nearby. With easy access to I-10, gas stations, and lodging, this highly desirable area in the West Valley promises an unparalleled lifestyle.
You may be able to put down less than the total down payment amount of $199,627 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: #6687488
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.