VA loan
1 of 50
VA loan
$574,900

7024 S SIPAPU CT, Gold Canyon, AZ 85118

3 beds · 2 baths · 1,610 sqft

Incredible updated home on over ¼ acre with resort style yard backs up to open desert & has MTN views! Home remodeled in 2020! Kitchen includes quartz counters, refinished cabinets, backsplash, stainless steel appliances & breakfast bar! New interior/exterior paint, wood laminate flooring & all light fixtures/fans. Master bed/bath remodeled 2020 w/ walk in tiled shower, new plumbing fixtures, double doors open to outside paradise. Hall bath remodeled 2020! NEW AC 2022! Great room/Master bed fireplaces! Backyard oasis has solar heated pebbletec pool with waterfall, spa conveys, built in BBQ, outdoor fireplace, pergola, large patio. Gold Canyon has some of the most beautiful views in AZ. This large 12,300+ SF cul-de-sac lot backs up to open desert. No neighbors behind! This home is amazing! Other features or additional info; New sun screens, mature trees, heated pool, 32 inch TV on patio conveys as well, walking bridge in front yard, large walkin master closet, both bathrooms have water saving toilets, new wine fridge, skylights, newer Samsung front loading washer and dryer convey, pool shower, enclosed pool & pump! Roof was just recoated and serviced in 2024! GARAGE can fit a full size crew cab truck. Garage also has new hot water heater, garage sink, epoxy floors, service door, storage racks/cabinets

Interest rate 3
2.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,653
With Roam
$2,476
Reduce your monthly payments by $823 when you assume this mortgage.
You also save $266,788 in total interest paid.
$197,083
Edit

You may be able to put down less than the total down payment amount of $197,083 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

Roam helps you take over the seller’s lower interest rate 1
We help you assume the seller's mortgage and avoid higher prevailing market rates.
45-day closing guarantee 2
We work directly with the mortgage servicer to help you quickly and easily close the transaction.
VA loan
Eligible for investors
Not a veteran? You may still be qualified to assume the mortgage.

Location

Details

Home
Size
1,610 sqft
Lot size
0.28 acres
Year built
1997
Type
Single Family Residence
Loan
Remaining term
27 years
Rate
2.75%
Monthly P&I
$1,653
Remaining loan balance
$377,816

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.

View all FAQs

Resources

Last updated: Sep 18, 2024 09:04 am
Listing agent: Justin Cook (602) 405-2665
Listing provided courtesy of: RE/MAX Solutions (480) 610-6500
Details provided by ARMLS and may not match the public record.
MLS ID: #6750611
Copyright © 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.
Disclaimers
1 Roam connects buyers and sellers to homes with assumable mortgages via a concierge service. Roam does not offer or engage in mortgage lending activity.
2 45 day guarantee is subject to credit approval by your loan servicer.
3 The assumable interest rate shown for this assumable mortgage is an estimate using the average of interest rates in this home's area at the time of the last sale. The actual assumable interest rate may differ. Estimated payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Roam connects buyers and sellers to home with assumable mortgages via a concierge service. Roam does not offer mortgage loans, extend credit, make credit determinations, or otherwise engage in mortgage lending or brokering activities. The lender makes all credit and qualification decisions with buyers. Any determination to extend credit to a buyer is a decision by the lender, and not by Roam.
4 The lender makes all credit and qualification decisions with buyers. Any choice to extend credit to a buyer is a decision by the lender, and not by Roam.
Interest rate 3
2.75%
With Roam
6.5%
The seller’s mortgage rate at the time the loan was originated.
Monthly payment 3
$1,653
With Roam
$2,476
Reduce your monthly payments by $823 when you assume this mortgage.
You also save $266,788 in total interest paid.
$197,083
Edit

You may be able to put down less than the total down payment amount of $197,083 and have the rest of the funds financed with a 2nd mortgage from a lender. 4

$1,653/mo
View details