5401 N 81st Pl, Scottsdale, AZ 85250
4 beds · 2 baths · 2,156 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Motivated sellers price improvement! *NO HOA*! The 4-bedroom, 2- bath floorplan with location in desirable Old Town Scottsdale. Walking distance to Chaparral Park and nearby highly-rated schools, the area is full of activity with residents out enjoying the neighborhood. Chaparral Park boasts bicycle paths, a beautiful lake, large grassy areas, a public pool, basketball courts, volleyball courts, baseball fields, and mixed-use activity areas. Just 15 minutes from Sky Harbor Airport, and a short drive to popular area hot spots including Scottsdale Fashion Square, Talking Stick Resort and Casino, Butterfly Wonderland, OdySea Aquarium, plenty of world-class restaurants, golf courses and shopping make this location so sought after. The home itself is thoughtfully designed with a mix of wood, tile, and carpet flooring, it's just waiting for you to put your own touches on it. The heart of the home is the fully-equipped, open-concept kitchen featuring beautiful oak cabinets and a spacious island, while the large, rustic brick wood-burning fireplace adds a cozy touch on cold winter days. An Arizona room addition provides extra living and entertainment space. An enclosed 2-car garage offers plenty of extra storage room. Step outside to a backyard built for entertaining, complete with a sparkling, 9' deep pool, covered patio, and built-in barbecue. Low property taxes, recent property updates include a new roof, and new pool pump in 2023.
Source: ARMLS #6824306
Source: ARMLS #6824306
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.
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.
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.
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 “Save search” 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.
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 620, 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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.