640 E Browning Way, Chandler, AZ 85286
3 beds · 2 baths · 1,162 sqft

Get a free consultation call with an expert in the mortgage assumption process.
Welcome home to this beautifully updated 3-bedroom, 2-bathroom gem, ideally located just minutes from downtown Chandler and with easy access to the 202. The brand new kitchen features quartz countertops, soft-close cabinets, and a spacious island perfect for entertaining. Recent updates throughout include new flooring, a freshly painted interior, and modern finishes that create a bright, inviting atmosphere. Enjoy a low-maintenance backyard with turf and pavers, perfect for relaxation. Located on a desirable corner lot across from a neighborhood park, this home offers added privacy and tranquility. A perfect blend of comfort, convenience, and location!
Source: ARMLS #6839845
Source: ARMLS #6839845
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.
