7408 N 173rd Ave, Waddell, AZ 85355
4 beds · 4 baths · 2,893 sqft
This beautiful, newer home is nestled on nearly 2 acres, offering stunning mountain views. An energy-efficient masterpiece, it features fresh paint and fully paid solar panels! And expansive four car garage seamless connection to the main house featuring a sleek floor coating, abundance of excessive cabinets, complementary by the dedicated work area that invites creativity and organization. Each bedroom includes its own walk-in closet. Enjoy the charm of plantation shutters, energy-efficient doors, and wood-look tile flooring throughout. The spacious great room is ideal for relaxing evenings or lively gatherings. The gorgeous kitchen is a chef's dream, with ample white cabinetry accented by crown molding, recessed and pendant lighting, high-end graphite appliances, a water softener, a walk-in pantry, a mosaic tile backsplash, a prep island with breakfast bar and under-cabinet storage, plus sleek quartz countertops. to the grand owner's suite, featuring plush carpet, direct outdoor access, a private bath with his-and-her vanities, a designer tile shower, and two walk-in closets. Don't miss the large in-law suite, complete with its own entrance. Step outside to the expansive backyard, where you'll find a covered patio, built-in BBQ, brick pizza oven, and a 2,000 sq ft shop with dual 12' roll-up doors. Enjoy fruit trees and a sparkling pool with a swim-up bar. Additionally, the property includes a chicken coop, three shaded stalls, an arena, and plenty of space for horses or livestock. A waterline was conveniently run to the chicken coop, horse stalls, and the back of the property. The front planter area features its own timed drip system. This irrigated lot allows for easy watering of the entire property. Don't miss your chance to make this exceptional home your forever haven! Seller is willing to help with concessions!
Source: ARMLS #6741446
Interest rate and monthly payment estimated based on public records.
Source: ARMLS #6741446
Source: Public records
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: #6741446
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.