6226 E SECO PL, Cave Creek, AZ 85331
Welcome to your dream ranch retreat nestled in the heart of Cave Creek, offering unparalleled tranquility and breathtaking mountain views. This 4-bed, 2.5-bath ranch-style home spans 2.19 acres of secluded beauty, located on a private dead-end street mere minutes from downtown Cave Creek & Carefree. As you enter, you're greeted by a warm and inviting atmosphere centered around a beautiful stone fireplace in the family room, perfect for cozy evenings with loved ones. The kitchen, open to the family room, ensures that the heart of the home remains inclusive and welcoming. Step down into the dining room where you can entertain guests or enjoy family meals while taking in the incredible views that surround you. The bedrooms are generously sized, providing comfort and privacy for all This property provides a perfect training facility. A pet enclosure off the laundry room adds convenience & safety for your furry family members. Outside, your equestrian paradise awaits. The horse setup includes a 4-stall Shedrow inline barn by MD Barns, complete with 3 stalls featuring auto watering and 1 stud stall, a foaling barn, and a spacious 150' x 80' arena with a separate 50' x 120' coral. Additionally, there's a Lifetime Brand Tack Room Shed and a separate Garden Shed for all your equipment and storage needs. Saddle up and take a ride any day with ease. Enjoy the serene desert landscape from the covered patio, where you can unwind and soak in the peaceful surroundings and amazing sunsets. Whether you're a horse loving enthusiast or simply seeking a retreat from the hustle and bustle of city life, this property offers a lifestyle of unparalleled tranquility and natural beauty. The garage has the possibility of having the workshop area converted to a casita/Mother-in-law suite. Don't miss your chance to experience ranch living at its finest, come make this stunning Cave Creek property your new home!
You may be able to put down less than the total down payment amount of $616,087 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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: #6737224