22647 E Indiana Ave, Queen Creek, AZ 85142
4 beds · 3 baths · sqft sqft
Rare income-generating opportunity! This home has a 1 bedroom, 1 bathroom casita with a private entrance - ideal for multi-generational living, private guest quarters or rental income. Enter this 2022 built home to the gated courtyard, where the main home and casita enjoy privacy with their own entrances. Wood-look tile throughout all common areas, impressively appointed kitchen with quartz countertops, large island and wood-look cabinets. Thoughtfully designed split floor-plan means the primary bedroom suite enjoys privacy from the two bedrooms inside the main home and the casita. Primary bedroom/bathroom suite offers an enormous walk-in glass wall shower and large walk-in closet. Outside, enjoy the turf in your back yard with no neighbors directly behind you - pergola makes enjoying the Arizona weather a breeze. Do you dream of living in a community with two heated pools, a splash pad, community trails, parks and a lake with catch and release fishing? Your new home is situated in the highly sought after community of Harvest, Queen Creek. This community was thoughtfully inspired by the area's rich agricultural history, and blends it with suburban living. Conveniently located close to major highways, including Loop 202 (Santan freeway) and State Route 24, and minutes to the state of Arizona's most beloved agritourism destinations: Schnepf Farms and Queen Creek Olive Mill. Pick your own farm fresh veggies at Schnepf!
Source: ARMLS #6780542
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6780542
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #6780542
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