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572 N Citrus Ln

Gilbert, AZ 85234

3 beds · 3 baths · -- sqft

$410,000

$1,276/mo with 3.875% Express Financing

$1,470/mo with 7% bank financing

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About this home

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

-- sqft
0.07 acres
Single Family
Built in 2005

Neighborhood
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FAQs

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.

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.

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.

When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.

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Last updated: Apr 14, 2025 07:59 pm
Listing provided courtesy of: My Home Group Real Estate (480) 685-2760
Details provided by ARMLS and may not match the public record.
MLS ID: #6779906
Copyright © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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