3634 E Mcdowell Rd, Mesa, AZ 85215
5 beds · 3 baths · 3,343 sqft sqft
This custom, basement home is situated behind a private gated entry on a 39,0000 sqft lot with a stunning pool, plenty of green grass, and mature trees, including several new citrus trees. With newly replaced front gates and the fresh exterior paint job, the property boasts impressive curb appeal. As you step inside, you'll be greeted by a bright and airy interior adorned with a neutral color palette and soaring vaulted ceilings. The main floor offers an inviting living room that flows seamlessly into the family room, anchored by a cozy gas fireplace—perfect for gatherings. The spacious kitchen and adjacent formal dining area make this home an entertainer's dream. The main level also features a spacious master suite with a newly updated spa-like bath, along with two additional bedrooms and another full bath, providing an ideal layout for family living. Head downstairs to discover a versatile game room/family room, ample storage space, an extra bath, and two additional bedrooms, offering plenty of room for guests. Step outside to your own back yard oasis, complete with a recently resurfaced pool, a screened-in gazebo, and an abundance of space and endless possibilities for expansion. This outdoor space is perfect for relaxation and entertaining. For added peace of mind, all windows and doors were replaced in March 2024, ensuring modern efficiency and security. A water softener and RO system were recently added as well. You will appreciate the additional drive on the west side of the property leading to additional storage, while the east side is set up for RV parking, complete with 30-amp service. This is a rare opportunity to own a unique property with limitless potential. Don't miss your chanceon this one!
Source: ARMLS #6764100
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6764100
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: #6764100
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.