2325 Mohave St, Chino Valley, AZ 86323
3 beds · 2 baths · 1,350 sqft
Welcome home to this charming, site-built home on a beautifully level homesite in the heart of Chino Valley. This property is a true gem, boasting a newly constructed, RV garage that offers ample space for cars, toys, or even a workshop. Nestled on nearly an acre, the fully landscaped homesite evokes a park-like atmosphere, complete with mature shade trees and lush green lawns in both the front and back, all maintained by a sprinkler and drip system. As you step inside this single-level home, you're greeted by a great room designed for comfort and relaxation. The open-concept layout flows seamlessly into the kitchen, which is a chef's dream. Outfitted with sleek granite countertops and a full suite of stainless steel appliances, it's perfect for preparing meals and entertaining. The primary bedroom is a peaceful retreat, featuring a luxurious ensuite bathroom, while the two additional bedrooms share a well-appointed full bathroom. Direct access from the 2-car garage to the home is an added convenience. Significant upgrades include a brand-new roof installed in 2024 and a new well pump installed in 2021. Plantation shutters throughout the home add a touch of elegance. The detached RV garage is an ideal space for hobbyists or those needing additional storage and is perfect for storing vehicles as it offers enough room to install a car lift, if desired. This property truly offers it all space, comfort, and modern amenities in a tranquil setting! Owner/Agent
Source: ARMLS #6766952
Source: ARMLS #6766952
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: #6766952
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.