6445 W Sonoma Way, Florence, AZ 85132
4 beds · 2 baths · 2,132 sqft sqft
***Seller is offering $5000.00 to buyer to put towards closing costs and/or prepaids and the current VA Mortgage at 4.75% is assumable for other VA Buyers!*** This meticulously maintained residence boasts a perfect blend of modern elegance amid the southwestern backdrop. The kitchen is a chef's dream, equipped with state-of-the-art appliances, sleek granite countertops, and beautiful white cabinetry that provides ample storage space with extended countertops and cabinets.* LUXURY VINYL FLOORING THROUGHOUT MAIN LIVING AREAS COMMUNITY POOL (HEATED) AND WATER PARK REVERSE OSMOSIS, WATER FILTRATION SYSTEM, SOFT WATER SYSTEM LAUNDRY ROOM PRE PLUMBED FOR SINK* Many more upgrades attached in documents. Community pool and water park is incredible in this community!! Outside, the backyard is an oasis of tranquility, complete with a covered patio and covered pergola ideal for alfresco dining and entertaining. The landscaped gardens feature drought-tolerant plants and a misting system for staying cool in the desert heat. Additional amenities include a dedicated home office or study, perfect for remote work, and a two-car garage with built-in storage solutions. The home is equipped with modern technology, including smart home features for added convenience and security. Whether you're seeking a peaceful retreat or a place to entertain, this upgraded residence embodies the best of Arizona living.
Source: ARMLS #6729920
Source: ARMLS #6729920
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: #6729920
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.