2717 W Medina Ave, Mesa, AZ 85202
3 beds · 2 baths · 1,938 sqft
Get a free consultation call with an expert in the mortgage assumption process.
This home comes with an assumable loan at an incredible 2.375% and is open to veterans, non-veterans, and investors! This your opportunity to make this 3 bedroom 2 bath house your home nestled in the desirable Saratoga Lakes section of the prestigious Dobson Ranch Golf Course and Lake Community. Just steps away from the Saratoga Recreation Center, indulge in exclusive amenities such as a community pool, tennis courts, boat docks, and lake access, featuring prime views for the annual Christmas Boat Light Parade. Situated on a grand oversized lot, this residence offers a large backyard with a pool, spa, cool decking, fenced dog run, shaded side yard, and an expansive covered patio - ideal for entertaining. As you enter through the dining area graced by a Tiffany light, a step-down leads you to a vaulted living room, complemented by a...separate family room featuring a custom corner hearth wood fireplace and opening to the kitchen so you can cook and entertain at the same time. The recently updated kitchen boasts ivory cabinetry, plank tile flooring, Tiffany lighting, plantation shutters, stainless steel appliances, a smooth top range, built-in microwave, stainless double sink, stainless French door fridge, pantry, breakfast bar, and a built-in desk. The master suite offers a walk-in closet, separate shower room, and private pool access. Enjoy peace of mind with a roof replaced in 2020. The front yard showcases beautifully manicured desert landscaping. Plus, benefit from an assumable loan at a historically low rate of 2.375%. Don't miss this unique opportunity. Ask for details today!
Source: ARMLS #6840849
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 #6840849
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.