26964 N 104TH LN, Peoria, AZ 85383
Welcome to Northlands Encore in North Peoria, the best value for the money in the area, where the skies are bigger and the sunset glow fills the sky with radiant pink, orange, and purple. Step outside every morning and view the beautiful Calderwood Butte out your front door, with private backyard mountain views and the trail head right down the street, you'll get the full enjoyment of this very special home in an extraordinary community. Step inside this move-in ready 2-story Amethyst Model by Taylor Morrison, with over 2605 sq. ft. of living space, 4 BED + LOFT + 3 BATH, and a 2 CAR temp controlled garage. NEW CARPET was just installed in the living room and throughout the entire 2nd level! The main level features an open concept main living area, light and bright neutral color pallet throughout, white trim, blinds, and doors. Convenient main-level bedroom and full bath, currently used as a home gym. Open concept kitchen and dining area with light gray tile floors, can-lighting, contrasting twilight cabinets, dark gray granite countertops and island, a stainless steel GE appliance package, and a walk-in pantry for all your storage needs. The upper level features a large open loft, which can be used as another living space, office, or game area. Master suite with full master bath, featuring a tub and shower combo, double sinks, and a walk-in closet. Split floor plan with 2 additional bedrooms and a full bathroom. Step out back and take a deep breath, with no back neighbors and beautiful mountain views. Large, brick paver covered patio w/fan, outdoor kitchen w/ serving area for dining outdoors, centered green space with a play area to the side. SOLAR will be paid at closing! Neighborhood and property mountain views, close proximity to 303 freeway access, shopping, dining, entertainment, health care, and less than 20 min. away from beautiful Lake Pleasant Regional Park. A list of full updates available in the documents tab, there truly is nothing to do except move in.
You may be able to put down less than the total down payment amount of $285,806 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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: #6733026