40100 S Ridgeline Ct, Tucson, AZ 85739
3 beds · 2 baths · sqft
With a quiet and private location on a cul-de-sac in a charming neighborhood of well-maintained homes, this recently updated and very attractive Eagle Crest home provided a retreat from the tumult of city living for the present owners. The neighborhood is safe and welcoming, with gracious neighbors. Hiking, mountain biking and dirt-bike trails are nearby, as are shopping and enjoyable restaurants. The home enjoys bountiful natural light, mountain views and generously sized rooms. A spacious entry foyer greets guests and opens to a very ample great room with a cozy gas fireplace. The adjacent well-appointed kitchen provides generous storage including pull-outs in cabinets, handsome granite counters for plentiful workspace, a built-in desk and breakfast counter. A breakfast room enjoys natural light and overlooks the enclosed rear yard offering fruit trees and a broad covered patio. With a split floor plan, two bedrooms share a hallway bath, with a den/office space nearby. The Owners' Suite is also generously sized, easily accommodating a king bed and sitting area. The Owner's Bath includes a glass-front walk-in large shower, soaking tub, separate WC and bountifully sized closet. A laundry room provides storage cabinetry, work counter and a drying area. The 3-car garage has lots of room for storage. This home, with fresh interior paint and new carpeting, is sparkly-clean and move-in ready.
Source: SOUTHAR #22425778
Interest rate and monthly payment estimated based on public records.
Source: SOUTHAR #22425778
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: #22425778
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