VA loan
1 of 64
VA loan
$975,000

26522 S Tangelo Ave, Queen Creek, AZ 85142

4 beds · 3 baths · 2,643 sqft sqft

Equine lovers dream property. Priced below market and ready to go! The perfect horse setup. No backing trucks or trailers...drive through. County Island with Cox Internet, flood irrigation, No HOA, 1+ Acre with views of the San Tan Mountains! Your new home has been meticulously maintained and has all the right touches added for modern comfort including temperature control. Your heat pump and two zone AC is on a programmable thermostat making utility bills low and your comfort high. A formal dining room meets you off the entry and on your left you have the 4th bedroom which makes an amazing office. 9'+ flat ceilings make this home feel much bigger than it's 2643 square fee A formal dining room meets you off the entry, and on your left, you have the 4th bedroom, which makes an amazing office. 9'+ flat ceilings make this home feel much bigger than its 2,643 square feet. Your kitchen has a spacious dining area big enough for a large farm table. A walk-in pantry is perfect for storage. Additional counter top space plus your kitchen island makes food prep a breeze. Beautiful Granite countertops and knotty alder cabinetry give your home a warm inviting feel. Family dinners and holiday parties are easy and enjoyable with your double oven, high-efficiency dishwasher and built-in microwave. Your homes appliances and pipes are also protected by a water softener and you can safely drink the Phoenix, Arizona water from your own RO system. Your great room is comfortable with wood plantation shutters, high potshelves to display your art and treasures and a beautiful, new stackstone, floor-to-ceiling fireplace that is fueled by clean burning Propane. A large Propane tank is included. Your new fireplace is on a remote control so you can control the ambiance from anywhere. The great room also has a wetbar complete with a beverage/wine fridge. A half-bath has easy access from the kitchen or the great room and a full capacity washer and dryer make your separate laundry room complete. The Master Bedroom is oversized and has his and hers walk-in closets and an amazing en suite bath with double vanity, a huge jetted tub, separate water closet and stunning glass tile shower. Step outside onto your wraparound covered porch and enjoy the view. It's a great place to hang out and watch the horses. All of this is situated on 1.118 acres of land. Your property includes many shade trees. Lemon, orange, tangelo, pistache and oak trees that are easy to water with flood irrigation. Being located very close to the San Tan Mountains means plenty of trail riding and amazing views from anywhere on your new property. For the equine lover, your horse area features a large riding arena, a 2-stall shedrow barn with a tack/feedroom that has water, cooling misters and electricity. It has its own electrical panel. In addition to the shedrow barn is a separate covered stall that would be great for hay storage or the current owners use it as a third covered stall for their horses. The new 20' x 60' shade structure was added in 2023 and is situated so you can park your trucks, trailers and toys in the shade and you can also use it as an open corral or you can fence it to make additional stalls. This makes a great RV pad or area to park boats, trucks and trailers and already has an electrical connection. Nervous about backing a trailer? Don't be. Your new property is located on a corner lot and allows you to pull through one gate and out the other. Hay delivery and loading horses is a breeze with this setup. A separate shed/tack room is situated outside the horse area and is perfect for grooming and saddling up. Time to relax? Your 75' Pebble Tec pool was added in 2020 and has an in-floor self-cleaning system and amazing views of the San Tan Mountains. Enjoy a cool beverage surrounded by lush, tropical landscaping with mountain views and watch your horses from your private oasis. It doesn't get any better than this! Your pool is fully fenced to protect your family members, pups, and horses. Your property has recently been surrounded by a block wall to keep you and your animals safe and secure. This brings added privacy to your property as well. If you enjoy holiday lights, the sellers have electrical plugs in the front by the eves for easy lights and decorations. Flood irrigation is through Chandler Heights Citrus and one great feature of this property is the fact that it has Cox Internet/cable. It can cost thousands of dollars to have Cox Internet/cable brought to your home when located on a County Island. The seller has already setup Cox to this property. This truly is an amazing horse property and is close to everything. Ride off property, in your own arena or trailer to the San Tan Mountains in 14 minutes. Queen Creek Marketplace is great for shopping, casual and fine dining and is only 14 minutes and San Tan Village is a short 20 minute drive to the north. Mesa Gateway Airport and Gilbert Mercy Hospital are minutes away. Perfect for contractors trucks and trailer, equine and animal lovers or maybe you simply want elbow room. 4 Bedrooms, 2.5 baths and an attached three car garage. This one has it all. Watch the video and view additional amenities in the documents tab. Please note: The security camera at the horse shade structure does not convey.

Interest rate 3
3.5%
With Roam
7%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,032
With Roam
$1,460
Reduce your monthly payments by $427 when you assume this mortgage.
You also save $129,195 in total interest paid.

$767,838
Edit

You may be able to put down less than the total down payment amount of $767,838 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.

VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.
Location
Details
Home
Lot size
1.12 acres
Year built
2016
Type
Single Family Residence

Source: ARMLS #6736564

Loan
Remaining term
25 years, 2 months
Rate
3.5%
Monthly P&I
$1,032
Remaining loan balance
$207,161

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

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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?

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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?

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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?

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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?

expand content

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.

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Last updated: Nov 19, 2024 03:51 pm
Listing agent: Michelle Shelton (480) 577-8272
Listing provided courtesy of: Life Real Estate (480) 577-8272
Details provided by ARMLS and may not match the public record.
MLS ID: #6736564
Copyright © 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 30 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,032/mo
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