2521 W Montebello Ave, Phoenix, AZ 85017
2 beds · 1 baths · 934 sqft sqft
Experience the Best of Phoenix! Nicely remodeled and waiting for you! New updats include ceramic tile, new kitchen cabinets, with durable quartz counter tops. Bathroom updated as well with a tiled shower and new vanity, fixtures and more. Totally remodeled home! Nestled in a charming neighborhood, this stunning property offers the perfect blend of comfort, style, and convenience. Enjoy Downtown Phoenix's vibrant entertainment and nightlife just miles away. The area is rich in culture and natural beauty, with the Heard Museum showcasing Native American heritage. The Desert Botanical Garden's serene beauty, and the Phoenix Art Museum's captivating exhibits. Convenience is at your doorstep with easy access to Interstate 10 and US-60 highways and Phoenix Sky Harbor. Light Rail access, and shopping and dining at Uptown Plaza. Outdoor enthusiasts will love Encanto Park's scenic walking trails and lake. Top-rated schools are nearby, including Phoenix Union High School District and Central High School. Make this property yours and experience the ultimate Central Phoenix lifestyle! With its charming neighborhood setting, prime location, and easy access to highways and Light Rail, this property has it all. Hurry and make this home yours before it's gone.
Source: ARMLS #6762190
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6762190
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.
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: #6762190