588 E Sterling Canyon Dr, Vail, AZ 85641
6 beds · 3 baths · sqft sqft
A very unique opportunity to own a Si'x Bedroom Home in Vail. This home was constructed in 2004 and is located in the Desirable Community of Santa Rita Ranch. The home is perfect for a large family, generational living or multi family. With 2 bedrooms and a full bath downstairs and 4 bedrooms and 2 bathrooms upstairs, there is plenty of space for everyone. As you step into the welcoming entrance it is all tile with ceiling fans throughout. There is carpet throughout the bedrooms and stairway. The heart of the home is the large great room overlooking the fully functional kitchen. This oversized kitchen comes complete with stainless steel appliances, breakfast bar, coffee bar, breakfast nook and storage galore. Next to the kitchen is the walk in laundry with Butler Pantry Shelving. Perfect for entertaining and hosting holiday events, there is also a formal dining room at the front of the home. As you head Upstairs, you will see the oversized loft which offers space for a home office, gaming or TV room, or even a relaxing lounge area. Through the double doors you enter the Owner's Suite. This bedroom hosts a spacious walk-in closet, En-suite bathroom which has shower and tub and a double vanity. From the owners suite you can step outside onto your own private deck. With no rear neighbors privacy is guaranteed. Enjoy calming mountain views with panoramic sunrises & sunsets. Upstairs there are three more guest bedrooms with two walk in closets and a full bath. With the Primary Suite, Four Up and Two Down, that gives you a total of SIX BEDROOMS. A rare find nowadays. Stepping outside you will find unlimited outdoor space with established trees, artificial turf, dog run, view fence and more. Relax on the extended patio, which is perfect for AZ living. With all of the patio areas, views and private deck, entertaining is a breeze. What are you waiting for? We have a Highly Motivated Seller - So Call today for your private showing!
Source: SOUTHAR #22416362
Interest rate and monthly payment estimated based on public records.
Source: SOUTHAR #22416362
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: #22416362
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