3127 W Apollo Rd, Phoenix, AZ 85041
4 beds · 3 baths · 3,182 sqft sqft
New Price! Motivated SellerNow Offered at $479,990 Discover a seamless blend of elegance and comfort in this beautifully maintained residence, now available at an exceptional new price. Boasting 4 spacious bedrooms and 2.5 baths, this home features an open and inviting floor plan that flows effortlessly. The first-floor primary suite offers a private retreat, while the separate den space provides versatility for modern living. Ascend to the second level where a grand great room w/ pool table that stays awaits, perfect for entertaining or relaxation. Every detail has been thoughtfully considered, from the recently refreshed exterior paint to the energy-efficient solar panels and Dual-Zone HVAC system, ensuring this home is completely move-in ready. The low-maintenance backyard serves as your personal oasis, ideal for both serene moments of relaxation and lively gatherings. This home is situated in a prime location, with convenient proximity to top-rated schools, lush parks, and easy freeway access, making it perfect for first-time buyers or those seeking a savvy investment in the Phoenix market. Rest assured, this is not a short sale or problematic property. The seller is highly motivated to make a smooth and swift transaction. For added peace of mind, the Seller Property Disclosure Statement(SPDS) and Comprehensive Loss Underwriting Exchange(CLUE) Report are readily available, showing there are no known defects or concerns with this home. Opportunities like this don't lastschedule your private showing today and experience the luxury and comfort of this Phoenix gem!
Source: ARMLS #6760416
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6760416
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
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.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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.
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.
How can you find assumable mortgage listings?
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?
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.
MLS ID: #6760416
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.