1 of 30
$489,000

3881 E Gleneagle Pl, Chandler, AZ 85249

2 beds · 2 baths · 1,680 sqft sqft

GATED COMMUNITY at foothills of breathtaking San Tan Mountains- SOLERA. This home is a prime example of PRIDE in OWNERSHIP- these sellers have cared for this home METICULOUSLY and it shows from the moment you enter! With an 18-hole golf course at your doorstep, you'll experience resort-style living in a peaceful, private setting. Featuring 2 bedrooms, 2 bathrooms, and a flexible room that can serve as a 3RD bedroom (or home office, hobby, workout) this home boasts thoughtful design, recent upgrades and is the MOST popular floor plan in the community! Inside you're greeted by an entry way CHANDELIER and newly installed recessed LED LIGHTING . The split-bedroom floor plan offers privacy for both bedrooms featuring NEW CARPET and stunning HARDWOOD FLOORS throughout the home. The kitchen stands out with its custom TILE BACKSPLASH, new butcher block COUNTERS, and TWO pantries for ample storage. This home is bathed in natural light thanks to large BAY WINDOWS in 2 of the 3 ROOMS and huge windows flanking your FRENCH DOORS leading outback. PLANTATION SHUTTERS adorn every window, allowing for both privacy and elegance. Tranquil backyard with NO NEIGHBORS behind, providing ultimate privacy and peace. The no-maintenance yard includes SMART WATERING SYSTEM and a fully covered EXTENDED PATIO that spans the width of the house. With color-finished concrete floors and a mounted outdoor TV, the patio is perfect for enjoying Arizona's mild winters. The garage was designed with practicality in mind, offering extensive BUILT-IN STORAGE CABINETS, a WORKBENCH, upgraded led lighting and a mounted TV, making it an ideal space for hobbies, projects, or extra storage. The amenities within this community are EXTENSIVE- check DOCUMENTS TAB for full list and details- Some amenities include: Recreation facility, golf, restaurant, fitness, pools, social events and MUCH more.... OHHH, and you'll want to know about the transferable warranty!! You MUST see this one!!

Interest rate 3
3%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,055
With Roam
$1,529
Reduce your monthly payments by $474 when you assume this mortgage.
You also save $151,814 in total interest paid.

$256,689
Edit

You may be able to put down less than the total down payment amount of $256,689 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Interest rate and monthly payment estimated based on public records.

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.

45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
Location
Details
Home
Size
1,680 sqft
Lot size
0.17 acres
Year built
2005
Type
Single Family Residence

Source: ARMLS #6771334

Loan
Remaining term
26 years, 8 months
Rate
3%
Monthly P&I
$1,055
Remaining loan balance
$232,310

Source: Public records

How it works

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.

Tour

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.

Offer

Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.

Close

Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.

Who can qualify

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.

Frequently asked questions

What is Roam?

expand content

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?

expand content

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?

expand content

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.

Will an assumption work for me?

expand content

An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.

Why do buyers use Roam?

expand content

Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.

View all FAQs
Last updated: Oct 22, 2024 09:58 am
Listing agent: Lisa M Harris (602) 349-0068
Listing provided courtesy of: Citiea (480) 870-3110
Details provided by ARMLS and may not match the public record.
MLS ID: #6771334
Copyright © 2024 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.
Fair Housing Act logo Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
$1,055/mo
View details