263 S Del Rancho, Mesa, AZ 85208
3 beds · 2 baths · 1,852 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Welcome to Signal Butte Ranch's newest showstopper! This beautifully updated home has been completely transformed with over $96,000 in upgrades—featuring new landscaping, a new roof, Renewal by Andersen windows, gorgeous tile flooring, stainless steel appliances, elegant exterior lighting, and even a hybrid hot water heater. As you step through the front entry, you're greeted by a bright and welcoming family room adorned with beautiful 20''x20'' ceramic tile flooring. Instantly, you can picture your life unfolding in this warm and inviting space. The open-concept kitchen is a chef's dream, offering a center island, stainless steel double oven, reverse osmosis system, new gooseneck faucet, abundant oak cabinetry, and the largest glass-door pantry for all your storage needs. The spacious dining area is ideal for entertaining, featuring double-sided windows that overlook the lush, resort-style backyard. The primary suite is a tranquil retreat, featuring tile flooring, more of those stunning upgraded windows with backyard garden views, an expansive walk-in closet, and a fully updated en-suite with dual sinks, new faucets, and a shower/tub combo. The smart layout continues with two additional generous bedrooms and an updated full guest bathroom just down the hall. Step outside into the backyard paradise, where you'll find: Raised brick garden beds, Malibu lighting throughout, A paver-lined patioperfect for evenings under the stars, Easy-maintenance Astroturf, A 120 sq ft custom-built shed with windows, a raised back wall, a 220V outlet, and a manual awningtoo! Additional highlights include: 20-year transferrable warranty on new windows, Insulated garage door, $6K Level 3 LED exterior lighting system with control box and outlets & a Ecobee Smart HVAC system with 3-month filters for comfort and efficiency. Perfectly located in Northeast Mesa, just minutes from US-60 & Loop 202, and close to shopping, coffee shops, Sprouts, EOS Fitness, Home Depot, and award-winning Skyline High School & Aquatic Center. Enjoy everything the neighborhood has to offerwith walking trails, a beautiful park, and a fun-filled playground. Come fall in love with this exceptional home and lifestyleit's everything you've been waiting for!
Source: ARMLS #6849835
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: ARMLS #6849835
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 and Equal Opportunity Act.