44829 N 3RD ST, New River, AZ 85087
Welcome Home to this exceptional home in New River, AZ. Built in 2021, this residence offers a well-considered blend of modern comfort and impressive mountain views. With 2,742 sqft of living space, it features 5 bedrooms and 2.5 bathrooms, providing ample room for both relaxation and family gatherings. Situated on over an acre of usable land, the property includes a fully paid-off solar system that enhances energy efficiency and helps reduce utility expenses. Custom plantation shutters throughout the home offer an elegant touch while providing privacy. The property is fully fenced and features a double RV gate, making it ideal for RV owners or those who value extra outdoor space. A robust mechanical water filtration system, along with a water softener and reverse osmosis in the kitchen, ensures clean and pure water. Inside, you'll appreciate the easy-close cabinets, 10-foot ceilings, and durable 2x6 framing that contribute to a high standard of comfort and quality. The oversized 3 car garage offers plenty of space for vehicles and storage needs. Additionally, this property has a shared well with three other vacant lots and a septic system. NO HOA. Features/upgrades: *Fully paid-off solar system (9.860 KW) *Wood Plantation Shutters throughout the home *Heavy duty water filtration system (non chemical, all mechanical so less maintenance cost) followed by a water softener with reverse osmosis in the kitchen *Fully fenced in Lot *10ft Ceiling *Oversized 3 car garage
You may be able to put down less than the total down payment amount of $215,897 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: #6748129
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.