3607 E Drexel Manor Stra # SV, Tucson, AZ 85706
4 beds · 3 baths · 1,865 sqft
You've outgrown your current space: tight rooms, limited storage, and no real yard. You're ready for something more. This isn't just an upgrade, it's a blank canvas for the home and lifestyle you've been dreaming of. Here you'll find more of what truly matters: room to grow, the privacy you've been craving, and the freedom to make it your own. Yes, it needs some love, vision, and elbow grease, but the potential is undeniable, and it's priced to sell. Whether you're starting fresh or making space to grow, this is where your next chapter begins, a home you can build around your life. Opportunities like this don't come around often. Imagine the possibilities- take the first step toward creating a home that's truly yours. Seller works from home, no showings until Sat. Call your agent for appt Wondering what your day could look like in a home you've made your own? Start your morning with sunlight streaming through large windows into an open, airy living roomjust waiting for your personal touch. There's room to stretch out, breathe, and plan your next weekend project. Coffee brews in a kitchen that's ready for your creative upgradesimagine fresh paint, open shelving, or the perfect tile backsplash you've always wanted. The kids have space to play, and you have a quiet corner to build out your dream home office or craft room. Everythingfrom groceries to gas to school pickupis conveniently close, so you can focus more on creating and less on commuting. The spacious backyard is your blank slate for garden beds, a fire pit, or that pergola you've been eyeing on Pinterest. The location? Just minutes from local schools, shopping, parks, and major highwaysand a short drive to downtown Tucson's vibrant culture and dining scene. If you're ready to roll up your sleeves and bring your vision to life, this is the space you've been looking for. Call your agent today to schedule your showing at the Open House on Saturday. No showing on Sunday.
Source: SOUTHAR #22508788
Source: SOUTHAR #22508788
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.
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.