42614 W BRAVO DR, Maricopa, AZ 85138
Experience unmatched charm & spacious living in this captivating residence, boasting one of the largest floorplans in Rancho El Dorado. Nestled on an enviable lot, this home sits just behind the tee box on Hole 3, offering a breathtaking view without the worry of stray balls, broken windows or noise inside the home . Each bedroom exudes generous proportions, w/ the master suite stretching an impressive 31 feet w/ a private balcony that streches the lenght of the bedroom- explore the floor plans on our Matterport link or in the documents tab for a closer look. Step into the backyard oasis, reminiscent of a resort, complete with a charming 25x20 ft gazebo, heated sparkling pool, & in-ground jacuzzi - the perfect setting for outdoor enjoyment and relaxation. Car enthusiasts .. ... will appreciatethe expansive 3 car garage with ceiling storage racks. Entertainment abounds with two family/living rooms and a sprawling loft, providing ample space for gatherings or relaxation. Storage is abundant throughout, ensuring clutter is never a concern. Rancho El Dorado is unbeatable with convenient access to multiple grocery stores and at the north end of town with immediate access to 347 going into the rest of the valley. Pool and cool deck were refinished with micropebble in 2023. Exterior of home was repainted in 2023. Rancho el dorado has two elementary schools, many parks and a beautiful lake. Discover the lifestyle you've been dreaming of in this remarkable home, where luxury meets comfort at every turn.
You may be able to put down less than the total down payment amount of $261,542 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
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?
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.
Will an assumption work for me?
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?
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.
MLS ID: #6698521