4340 E Estrella Ct, Gilbert, AZ 85296
5 beds · 5 baths · 3,542 sqft sqft
Welcome home! Located in a prime cul-de-sac with custom-built homes, this property is just minutes away from the highly anticipated Cannon Beach water park, with quick access to the 202, dining, and shopping. Completely remodeled in 2024, all you have to do is unpack and enjoy! As you step through the front door, you're greeted by the beautiful blue waters of your heated and cooled diving pool, finished with new Pebble Tech and three waterfalls. Wade onto the Baja Ledge and cool off, knowing your pool is freshly maintained and ready to offer complete serenity. The outdoor kitchen is a perfect spot to entertain, featuring a built-in BBQ and flat top grill.... ''click on more'' for more info. Enjoy a game of pickle ball or hoops on your sport court, and as the evening temperatures drop, gather around the propane fire pit to take in the sunsets. The low-maintenance landscape lets you focus on friends and family instead of yard work. Spanning over 3,500 sq. ft., this split-bedroom floor plan includes 5 bedrooms (one of which is a junior suite), 2 full bathrooms, two 3/4 baths, and a 1/2 bath, offering ample room for everyone. The kitchen boasts plenty of storage, including a walk-in pantry, a 36" natural gas stove, an oversized built-in refrigerator, and a separate beverage fridge. The generous-sized island is perfect for gathering around the heart of the home. The flex space provides the ideal area to play pool, watch the big game, or snuggle in for movie night. Additional features include built-in Wi-Fi speakers, an RV gate, extra parking, spray foam insulation, and a 40-year roof that has just been serviced and certified. This home has too many extras to list!
Source: ARMLS #6726476
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6726476
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: #6726476
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.