5900 S Painted Canyon Dr, Green Valley, AZ 85622
3 beds · 2 baths · 1,640 sqft
'ASSUMABLE LOAN' 2.875% Find your exceptional retiree lifestyle here at Canoa Ranch Terrace a gated golf resort area. Experience a vibrant adult community in the foothills of the Santa Rita mountains. Modern living is easy care and now is your time for having fun. This wide-open corner lot is cascaded in bright natural sunlight. JAN 2025, New Year improvements include freshly painted interior and ceramic tile flooring. Ultra functional and impressive Chef's delight kitchen. Large center island with everything right at hand. Double sinks, counter space, dishwasher, hidden trash bin. Riser backsplash prevents water spots and elevates the breakfast bar for seating, serving and conversing. Deluxe gas range, large pantry closet, dropped oak cabinets display your treasures above. Enjoy intimate dining under the chandelier or extend your space out to the patio cove. Open concept great room features recessed lighting, center wall entertainment & media space. Illuminating clerestory windows warm the private owner's suite. Complete with separate 36 inch vanities, walk-in shower & closet. Updated hall bath, non-slip pebbled floor and tiled shower with bench seat. Sculpted landscaping on drip irrigation. See it today and make it your own. ASSUMABLE LOAN, Easy money, low payments with 10% down VETERANS & NON-VETERANS, streamlined assumption WithRoam.com
Source: SOUTHAR #22500083
Interest rate and monthly payment estimated based on public records.
Source: SOUTHAR #22500083
Source: Public records
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%. 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.
Other resourcesWhat 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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.