2604 E Downing Cir, Mesa, AZ 85213
3 beds · 3 baths · 1,756 sqft
Welcome to 2604 E Downing Circle. Beautifully updated and perfectly situated in Mesa. Located on the corner of a cul-de-sac with NO HOA! This home features an oversized lot, with lots of parking. The front entrance draped in greenery ushers you in. Vaulted ceilings, large windows and open floor plan create a warm space with an abundance of natural light. The home has been tastefully updated with new flooring, remodeled kitchen, updated bathrooms and a fully landscaped backyard. The spacious kitchen features custom cabinets, a massive island for intimate gatherings and updated appliances. The living room and dining space flow together for a warm and inviting entertaining space. Just off the kitchen you will find a pantry, separate room with washer and dryer and a half bath for guests... Down the hall, offers two large guest rooms and a full guest bath. The primary suite provides ample room and an en-suite bath beautifully updated. If you have been dreaming of soaking in the phoenix sunshine, this backyard is the perfect place to do so. With new landscaping and upgrades. The space presents a heated, salt water pool with custom childproof netting for added safety. Putting green, a custom outdoor wood fireplace, new outdoor shed for easy storage. Kids swing-set and built in playhouse and a separate turf dog run. Owners have replanted all the grass and added palm trees for additional vegetation and privacy. The two car garage is oversized with new epoxy flooring. Two slab parking spots and additional parking on the side. Completely turn key, this home has everything you can dream of!
Source: ARMLS #6804450
All values shown are estimated costs / mo.
Source: Public records
Source: ARMLS #6804450
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.
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.
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.
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.
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.
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.