20970 E Reins Rd, Queen Creek, AZ 85142
4 beds · 4 baths · 2,325 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to your future abode in the fabulous Terravella subdivision, just a hop, skip, and a jump from downtown Queen Creek - aka Diet-Gilbert! If convenience is key, you'll love being one of the closest Q.C. neighborhoods to the US24 and Loop 202. Built in 2020, this sparkling clean 4-bedroom home is brimming with storage and space for all those hobbies you keep telling yourself you'll get into! Gliding up the paver driveway & walkways to the oversized entry, you're greeted by timeless wood plank tile throughout the home (with cozy carpeted bedrooms for those lazy mornings). What truly sets this home apart is its cleverly designed layout. At the front, you'll find two versatile rooms currently serving as offices for those work-from-home warriors—perfect for pretending you're busy while.. actually daydreaming about lunch. These rooms share a full bathroom, so no need to fight over who gets to use it first! Venture further down the spacious hall to discover the totally isolated fourth bedroom, equipped with its own bathroom. Ideal for your mother-in-lawjust pop her in there and check back in when she's in a good mood! But the pièce de résistance: the kitchen and great room combo! With a soothing soft-gray on the cabinets, this space invites you to whip up a culinary masterpiece (or just heat up leftovers). You'll have ample counter space, a sleek stainless hood over the gas range, and an oven/microwave combo that's just begging for your latest Pinterest project. Plus, the giant walk-in pantry is perfect for all those Costco runs (conveniently located across the street, by the way). And did I mention the shutters throughout? Don't even ask about their costjust revel in the fact that they're already here, adding a touch of class to your new digs!The owner's suite is a sanctuary unto itself, with plenty of room for oversized furniture that supports your Netflix binge-watching habits. And the primary bathroom? Get ready to bask in the glory of a shower that's so impressive, all your friends will be jealous!. After basking in your shower glory head out back to your heated pool, the perfect spot to cool off or warm up. Enjoy not one, but TWO patiosone for sipping wine and the other for your sophisticated cigar moments! Before you dash off don't forget to peek in the garage to check out the tandem storage space and the tankless water heater. Thanks for considering your new home!
Source: ARMLS #6845536
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: ARMLS #6845536
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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.
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 “Save search” 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.
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 620, 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.