21901 N 181ST AVE, Surprise, AZ 85387
This Garrett Walker build is a highly desired floorplan. A space for all guests and occupants. Lovely foyer for your guests. They walk into a space designated for waiting and not straight into a living room. The front room has designated space for dropping keys and bags. A coat closet also shares the space. A full-size bathroom with dual vanities and a tub/shower combo. A home with an open concept plan and highly upgraded to include black doors throughout. Fresh earrings aka lighting has been upgraded in kitchen and main living spaces. Super spacious closets and spaces for your decorations. The kitchen is special and has been updated to include white subway tile (extra available) and staggered 48-inch mocha stained cabinets. Glass inserts in one cabinet door to accentuate glassware Quartz countertops and double oven. The earrings add style to this space and the walk-in pantry is custom to this Sabina floorplan. There are many delicate and flavorful touches to this gourmet kitchen. The pickiest buyer will not be disappointed. The primary bedroom is situated in the back of the home for privacy and quiet time. A space that allows for views of the well-designed backyard. Bathroom offers dual vanities, shower, linen closet and a glorious primary closet.
You may be able to put down less than the total down payment amount of $173,850 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: #6756955