VA loan
1 of 32
VA loan
$375,000 SIGNIN

Sign in to see required down payment for the 2.875% rate

3838 W Roosevelt St, Phoenix, AZ 85009

4 beds · 3 baths · 1,694 sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Step into a beautifully remodeled home that blends comfort, function, and modern charm. From the moment you walk in, you're greeted by an open floorplan that flows from a fully updated kitchen into a spacious dining area and a warm, inviting living room—perfect for entertaining or relaxing. The kitchen boasts sleek finishes, updated cabinetry, and modern appliances, making it a space where you'll actually want to cook. Each bedroom is generously sized, with wood laminate flooring bringing warmth and character, while brand-new carpet adds a fresh touch of coziness. Natural light throughout with newer windows installed just a few years ago, adding brightness and energy efficient throughout the home. The roof and electrical system have also been updated. In the large backyard, you'll find a covered carport and plenty of space to enjoy outdoor livingideal for hosting gatherings or gardening! But one of the standout features is the private casita. It includes its own bathroom, a living room area for lounging or guests, a large bedroom, and a kitchenette complete with a refrigerator and cabinets. Whether you use it as a guest suite, a home office, or an income-generating rental, the possibilities are endless. This is more than just a houseit's a place you'll love calling home.

Estimated
Seller's interest rate
2.875%
7%
Estimated
Monthly payment

$1,267
$1,779
You may also save up to $154,636 in total interest paid.

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.

Financials
Seller’s estimated current equity is SIGNIN
To assume this mortgage you must cover the seller’s equity by using your cash or by combining your cash with gap financing.
Estimated $1,779 monthly payment

Financed
SIGNIN
Location
Loan details
Loan type
VA
Rate
2.875%
Remaining term
25 yrs and 2 mos
Remaining balance

Source: Public records

Monthly payment

All values shown are estimated costs / mo.

Total
$1,267
Principal & interest
$995
Mortgage insurance
-
Property taxes
$96
Home insurance
$175
HOA fees
-
Utilities
Not included

Source: Public records

Home details
Size
1,694 sqft
Lot size
0.15 acres
Year built
1940
Type
Single Family Residence
HOA dues
$0.00

Source: ARMLS #6844111

Qualify

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.

Resources
Frequently asked questions

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.

View all FAQs
Last updated: May 01, 2025 05:02 pm
Listing agent: Jillian L Haefs (602) 373-3560
Listing provided courtesy of: Weichert, Realtors - Courtney Valleywide (480) 705-9600
Details provided by ARMLS and may not match the public record.
MLS ID: #6844111
Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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$1,267
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