690 W MCLEAN DR, Wickenburg, AZ 85390
Welcome to your dream home in the picturesque Mariposa Heights! This charming two-story residence boasts an open floor plan and is perfectly designed to showcase the incredible panoramic views that define this sought-after location. Enter into a grand living space that features a cozy wood-burning stove, ideal for those chilly evenings. Large windows flood the room with natural light and frame the stunning scenery outside. Just off the living room, the dining area offers a seamless flow for easy entertaining and family gatherings. Cook and entertain with ease in the beautifully appointed kitchen. Enjoy granite countertops, sleek stainless-steel appliances, and ample storage space for all your culinary needs. The downstairs area includes sizable extra bedrooms that provide plenty of room for guests or family. Retreat to your private sanctuary in the master suite, featuring dual closets (including a spacious walk-in), a large master bathroom, and your very own private walk-out deck. From here, savor the unparalleled views that stretch out before you. Enjoy your beautiful spa on the back patio under the stars! This home combines comfort with functionality and style. Don't miss the opportunity to make this remarkable property your own and experience the tranquil lifestyle Mariposa Heights has to offer.
You may be able to put down less than the total down payment amount of $224,384 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: #6739807