4004 W Myrtle Ave, Phoenix, AZ 85051
3 beds · 2 baths · 1,825 sqft
Get a free consultation call with an expert in the mortgage assumption process.
$20,000 lower todayThis beautifully updated block home is a must-see! With fresh paint inside and out, new flooring, and modern upgrades throughout, this home is move-in ready and offers exceptional value in one of Phoenix's desirable neighborhoods. Key Features: Spacious Living: This 1900 sq. ft. home is designed to maximize space and comfort, providing plenty of room for families or individuals seeking both functionality and style. Fresh Interior and Exterior: Recently painted with neutral tones inside and outside to enhance the home's charm and appeal. New Flooring: Brand-new flooring throughout the home ensures a modern and cohesive look, making this home feel fresh and inviting. Two-Car Garage: Enjoy the convenience and security of a spacious two-car garage with additional roo Fully Fenced Backyard: The backyard is surrounded by a durable block fence for added privacy and security. Kitchen & Appliances: Well-Equipped Kitchen: The kitchen comes with stunning countertops and updated cabinets, perfect for preparing meals and entertaining. Included Appliances: This home comes with a refrigerator, washer, and dryer, providing added convenience and savings for the new owner.
Source: ARMLS #6817269
Source: ARMLS #6817269
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.