5434 W Desert Hills Dr, Glendale, AZ 85304
4 beds · 3 baths · 2,243 sqft
Get a free consultation call with an expert in the mortgage assumption process.
Beautifully updated 4 bedroom, 2.5 bath home in an established neighborhood with no HOA and Peoria schools! Solar will be paid off at close! Floor plan offers two living areas, easily adaptable to your family's needs. The remodeled kitchen features Birch soft-close cabinetry with pull-out shelves in the lower cabinets and two lazy Susans, stainless appliances including a range with double ovens, a farmhouse sink, and a pantry. French doors lead out to the covered patio with extended concrete slab going around to both side yards, and an easy-care backyard with artificial turf for kids and pets to play on. The backyard has block fencing and the Tuff Shed is included for additional storage. The bedrooms are upstairs. The primary has double door entry, two closets, & a private bath with dual vanities, framed mirrors, an oversized shower, and transom windows letting in natural light. The upstairs bath also has dual vanities with framed mirrors, and a tub/shower combo. Other features include new windows, a new water heater, plantation shutters, a cozy wood burning fireplace, main floor powder room for guests, laundry room with cabinets & shelving, and a 2 car garage with service door and a new direct drive opener. This home also has solar panels for energy efficiency and utility savings!
Source: ARMLS #6829270
Source: ARMLS #6829270
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.