2332 W Arroyo Way, San Tan Valley, AZ 85144
4 beds · 3 baths · 2,977 sqft
Step into this beautiful 4-bedroom, 2.5-bathroom home, where comfort and style meet. Your backyard paradise awaits, featuring a brand-new pool with travertine decking and a stunning water feature, a covered paver patio, a cozy Ramada, and a fun putting green—perfect for outdoor living and entertainment. Inside, the open-concept great room is bright and inviting, with low-maintenance wood-look tile flooring throughout the main level. A spacious den/office and elegant formal dining room offer versatile spaces for work or relaxation. The chef's kitchen is a standout, with built-in appliances, sleek granite countertops, a mosaic tile backsplash, a walk-in pantry, recessed lighting, and staggered cabinetry. The central island with a breakfast bar makes this kitchen perfect for both cooking and entertaining. Upstairs, a cozy loft adds extra living space for family fun or quiet moments. The master suite is your personal retreat, featuring a luxurious ensuite with dual sinks and a walk-in closet. Conveniently, the home also has an RV gate and extended paved driveway, providing plenty of parking and storage space. Morning Sun Farms is a community filled with people in all stages of life, from those just starting out to those who are enjoying their retirement years in style. It is located just 45 miles from Phoenix and not far from the Town of Queen Creek or Florence, and is close to many major amenities including the Banner Ironwood Health Center, Queen Creek Public Library, the Communiversity at Queen Creek, Horseshoe Park and Equestrian Centre, Schnepf Farms, The Olive Mill, and just a short drive to the nearby San Tan Mountain Regional Park which contains more than 10,000 acres of natural resources and trails. It is also conveniently located near Phoenix-Mesa Gateway Airport and many other conveniences including retail shopping, medical facilities, great golf courses and so much more. This home offers everything you need for modern living, a fabulous neighborhood and an amazing location close to award winning schools, restaurants, shopping, freeways and so much more. Make an offer today!!
Source: ARMLS #6821245
Source: ARMLS #6821245
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. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
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.
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 “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.
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 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.