5826 S La Donna Ln, Hereford, AZ 85615
3 beds · 2 baths · 2,616 sqft sqft
New lower cabinets and island in kitchen. Butcher block counters..country look beadboard accents.New laminate tile floor. Pantry cabinet, pull out trays in lower oak cabinets, farm sink. Electric cook top in island. Living room has inset media center and angled bay window. Casual dining area opens onto covered deck w/composite wood floors, block half walls. Formal dining room has glass front, built in china storage.or repurpose room for office, use china storage for books, etc. Laundry room right off kitchen w/utility tub, room for freezer. Utility room has outside entry. Master suite offers plenty of room for king furnishings.. ...walk in closet w/linen closet in bath, and step in shower...Slump block veneer, a metal roof and covered decks offer energy efficient outdoor living. Workshop off car port. Complete RV hookup at corner of carport. Water catchment barrels,you just need to place and add gutter components. Casita is 1BR/1BA has complete kitchen with all appliances, including dishwasher, small living area and it's own laundry room,one car carport, septic, new Heat Pump. Beyond houses is a 3 stall carport or use for hay storage. Free standing block building w/office, feed and tack room and open end to configure stalls. Water spigots throughout the 4 fenced acres, private well.
Source: ARMLS #6759770
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6759770
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #6759770
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.