572 N Citrus Ln, Gilbert, AZ 85234
3 beds · 3 baths · sqft
Beautifully updated 3 bedroom, 2.5 bath home located in the highly desirable La Aldea subdivision in the heart of Gilbert. Situated perfectly on a north/south facing lot, this meticulously maintained home features an abundance of natural light, open living spaces, and custom finishes throughout. The spacious family room features newly installed plush carpeting, multiple seating areas, picturesque windows, and a separate storage room beneath the stairs. Gourmet kitchen showcases wood plank tile flooring, crown molding, custom French-style cabinets, rich granite countertops, a subway-tiled backsplash, new high-end stainless steel appliances, and a separate pantry. The dining area includes a large sliding glass door that opens to the side yard and provides access to the charming front patio. Upstairs, the layout includes bedrooms, bathrooms, and laundry for optimal convenience. The oversized primary suite features an expansive walk-in closet and a luxurious en-suite bathroom, complete with new wood plank porcelain tile flooring, a dual sink vanity, custom mirrors, stylish bronze hardware, a soaking tub, and a private toilet room with decorative wood paneling. Generously sized secondary bedrooms each offer walk-in closets with windows, along with a dedicated full bath. The large laundry room is conveniently located adjacent to the bedrooms. Spacious two-car garage features epoxy flooring and direct access to the fenced side yard. Enjoy the amenities La Aldea has to offer, including a beautiful community pool and spa, children's playground and park, and several lush green common areas. Property is within walking distance to multiple top-rated schools, and minutes from restaurants, shops and freeway access.
Source: ARMLS #6779906
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6779906
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: #6779906
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.