6052 N 183rd Ave, Waddell, AZ 85355
4 beds · 4 baths · 4,072 sqft
This property offers a unique chance to acquire a spacious home in the esteemed Clear Water Farms community UNDER APPRAISED VALUE. The residence offers a generous 4,072 square feet of thoughtfully designed living space, situated on a sprawling 2-acre lot with full irrigation—an ideal setting for anyone looking to establish a hobby farm. A standout feature of this home is the straw bale insulation, known for its energy efficiency and eco-friendliness, ensuring a comfortable and sustainable living environment. Inside, you'll find four spacious bedrooms and three and a half bathrooms. This includes a luxurious primary suite and two additional ensuite rooms, providing ample privacy and comfort for family and guests. The cooled garage, featuring a convenient half bath, caters to various projects and hobbies. Additionally, the property boasts a vast gaming or playroom, perfect for entertainment or creating additional living space. The combination of luxury, practicality, and sustainable living makes this residence a truly unique and desirable home. Outside step into your dreamy oasis where elegance meets functionality! Start with a stone breezeway, leading into an oversized covered patio, thoughtfully adorned with slate flooring. Picture yourself around a woodfire oven, where you can enjoy delightful meals, complemented by a cozy bar seating area. Wander over to the Zen-inspired gazebo area, a perfect haven for relaxation and mindfulness. Sitting on 2 irrigated acres, this estate also features a sport court area where you can indulge in a variety of activities. From volleyball or pickleball to Four Square, Hop Scotch, or Tetherball, the options are endless. And of course, there's a dedicated kids' play area complete with swings and a slide to keep the little ones entertained. Don't forget the ample garden space that invites your green thumb to flourish. Whether you're hosting lively gatherings or seeking serene moments, this property is designed to cater to all your desires.
Source: ARMLS #6802966
All values shown are estimated costs / mo.
Source: Public records
Source: ARMLS #6802966
To qualify, you must meet the current FHA or VA 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
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.
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 620, 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.