24811 S 138th Pl, Chandler, AZ 85249
5 beds · 3 baths · 3,790 sqft
Stunning Upgraded Home on an Acre+ Lot in a Premier Chandler Location! Welcome to your 5 bedroom, 3 bathroom dream home! Beautifully and meticulously upgraded, and nestled in one of Chandler's most desirable neighborhoods, this exceptional property offers a perfect blend of modern comfort and timeless style, and is situated on more than an acre of land providing plenty of room to live, entertain, and grow. Interior features include the fantastically designed floor plan with spacious living areas perfect for both relaxing and entertaining, not to mention a separate office/den as well as generous storage rooms. The gourmet, eat-in kitchen boasts abundant white cabinetry, expansive counter space, a walk-in pantry, beautiful backsplash and more. The primary bedroom includes a large walk-in closet, a separate tub and walk-in shower, new custom cabinetry, double sinks as well as private, direct outdoor access. The home has been thoughtfully updated in ways too extensive to list, including new carpet, new appliances, new paint, new window shades & shutters, and new ceiling fans to name just a few. Exterior features include a newer roof (fully replaced 2022), a comfortable covered patio, as well as an awesome diving pool & heated spa with updated equipment and lighting. In addition, enjoy tens of thousands of square feet of marvelously cared for landscaping highlighted by expansive green grass in the front and back yards as well as beautiful plants and trees throughout. There are endless possibilities for outdoor activities, gardening, entertaining and more! Conveniently located just minutes away from top-rated schools, shopping, golf, dining, entertainment and more, don't miss the opportunity to make this remarkable property yours!
Source: ARMLS #6837923
Financials
Source: Public records
Source: ARMLS #6837923
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.
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 “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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.