485 N Old Coach Trl, Dewey, AZ 86327
3 beds · 2 baths · 1,404 sqft sqft
Beautiful home setback from road on 2.3 acres in Whitehorse Ranch of Dewey, AZ with amazing views. Cover front deck and covered back porch with concrete slab. Property is fully fenced and the back of house has a separate fenced area the length of house for pets or kids to keep them close. Detached 2 car garage, 10x12 storage shed. Horse pasture, 3 horse stalls, hay barn and tack room. There are 2 critter proof garden structures 12x20. House, garage and shed are all on a rain catchment system that goes into a 2600 gal tank, plus 4 separate tanks- 300 gal each. HOA is part of the community water. Water your garden and trees with rain water and have the community water for daily use. Private well on property that was shut down when community water was installed. Seller never researched more but knows the estimated location. Hillside with beautiful rock formations on the backside and views that extend in the front. Home is already on a stem wall so it is ready for any financing. Location is a plus with it being less than a 1/2 mile to Prescott National Forest for your outdoor activities, 15 minutes to Prescott Valley for any shopping or amenities. Being just off Hwy 169 you can head to I17 for a trip to Phx, Sedona or Flagstaff.
Source: ARMLS #6777118
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6777118
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: #6777118
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