2136 S ALICIA, Mesa, AZ 85209
Opportunity is knocking! Sellers have a 3.375% assumable interest rate! This desirable single level home is located in the golf course community of Augusta Ranch. This split floor plan features 4 bedrooms and 2 full bathrooms. The spacious kitchen opens to the great room which is ideal for entertaining or casual familiy living. The kitchen boasts stainless appliances, an RO system, and a dedicated pantry. You will also find a flex space off the kitchen with built in tech station making working from home a breeze. The kitchen flows seamlessly into the living and dining room once again making it ideal for entertaining. The primary bedroom is cozy and features a walk in closet along with a bathroom that has a separate tub and shower. Three other spacious bedrooms share a full size bath. You will also find new high efficiency dual pane vinyl windows throughout the home. You will certainly enjoy spending time in your low maintenance backyard! The sellers installed this beautiful pool with extensive tile decking in 2022! In addition they installed a chiller which heats and cools the pool so you can enjoy year around swimming! The aritifical turf keeps you from doing yard work so you can enjoy the pool! Enjoy all that Augusta Ranch has to offer, including an award winning 18-hole golf course, Scratch Pub & Grill and five community parks. The community is located near highly rated Gilbert Schools, shopping, restaurants & the 60 & 202 freeways.
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: #6727619