4 Mustang Trl, Sonoita, AZ 85637
3 beds · 3 baths · sqft sqft
A magnificent driveway welcomes you to the gated estate, guiding you to the impressive single-story ranch-style main residence. This luxury property property is a dream for any horse lover with expansive grounds featuring: a separately fenced 1 acre containing three spacious 40x60 stalls in total (can easily convert to 6 or more) that have been separately plumbed with their own spigots and water availability, a 10x12 tack room, solar lighting at stalls and tack room, 50 foot round pen and separate fenced 1+ acre pasture with a water source and 12x12 metal shade. Acreage boasts space for income producing equine boarding, all while enjoying pleasant weather. Accompanied with this property is the 4.02 acre lot to the north that runs parallel to AZ Hwy 83, giving you a total of 8.59 acres A 20x25 garage/workshop also awaits you with electricity, LED lighting and custom workbench and shelving. This 2,303 sqft home built in 2002 with 3 bedrooms and 2.5 bathrooms gives you a functional split floor plan. As you step into the great room, the magnificent entry doors leave you in awe, revealing soaring vaulted ceilings and a stunning custom fireplace. As you explore this exquisite residence, you will find sleek modern appliances and a inviting farmhouse sink that adds rustic charm. Enjoy an immersive experience of a whole-house sound system, dual-pane Pella windows that grace every room and indulge in the luxury of an opulent library ready for your enjoyment. The primary bedroom suite is an owner's oasis, with vaulted ceilings, a spacious walk-in closet, and an en-suite bath featuring dual vanities, soaking tub and walk-in shower. Private doors provide access from the primary suite to the secluded courtyard, offering a perfect vantage point to observe the sunrise. Two additional large bedrooms, located on the opposite side of the house, each have built in desks and share a full Jack-n-Jill bathroom. Head outside to enjoy the gorgeous front courtyard with fountain, custom 14x14 gazebo in the rear yard with an outdoor bar ideal for entertaining guests or simply unwinding while embracing the tranquility of country living.
Source: SOUTHAR #22428105
Interest rate and monthly payment estimated based on public records.
Source: SOUTHAR #22428105
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: #22428105
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