4386 E LEROY ST, Gilbert, AZ 85295
Stunning single-level Fulton home, built in 2019, featuring 5 bedrooms, a den/office, 4 bathrooms, and a 3-car garage in the desirable Cooley Station neighborhood of Gilbert. This meticulously maintained home has it all! The gourmet kitchen is a chef's paradise, equipped with GE Profile stainless steel appliances, including a 5-burner gas cooktop and a sleek 38'' pyramid chimney hood. You'll love the bright white cabinetry, elegant quartz countertops on the oversized entertainment island, stylish backsplash, and a large walk-in pantry. The kitchen flows seamlessly into the spacious family room and living room, enhanced by a 16' atrium glass door. The primary suite is a true retreat, with private access to the back patio, separate dual vanities, a spa-like shower, a luxurious freestanding tub, and a large walk-in closet. Most of the secondary bedrooms come with their walk-in closets as well! The backyard is an entertainer's dream, featuring a new pool, fresh landscaping, and a covered patio for enjoyment. The permanent holiday lighting adds the perfect ambiance year-round. Cooley Station offers unbeatable amenities, including 2 aquatic centers, 5 tot-lots, 5 basketball courts, scenic walking trails, and expansive parks. Plus, you'll be steps away from Verde at Cooley Station, a vibrant Mainstreet lifestyle experience. Cooley Station is more than a neighborhood, it's a place you'll love to come home.
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: #6755133